Monday’s Insider Report: Billionaire Eric Sprott is buying two penny stocks with massive returns in 2024

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Monday’s Insider Report: Billionaire Eric Sprott is buying two penny stocks with massive returns in 2024
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A look at recent notable transactions

Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they have control or direction over.

Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. Selling activity may or may not be related to a stock’s valuation; perhaps an insider needs to raise money for personal reasons. An insider’s total holdings should be considered because a sale may, in context, be insignificant if this person has a large remaining position in the company.

Between Oct. 2-4, Mr. Sprott, with an ownership position exceeding 10 per cent, bought a total of 265,900 shares at an average price per share of approximately $1.40 for an account in which he has indirect ownership , lifting the holdings in this specific account to 23,025,238 shares. The cost of these purchases exceeded $371,000, not including commission charges.

Between Oct. 2-4, managing partner, chief controller and treasurer Vinny Bhathal sold a total of 8,315 shares at an average price per share of roughly $60.84. Proceeds from the sales totaled more than $505,000, not including trading fees. After these transactions, this particular account held 97,583 shares.

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