Wednesday’s Insider Report: Eric Sprott adds to the largest investment made in his career

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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.

According to the company’s November investor presentation, New Found Gold represents Mr. Sprott’s largest investment made in his career with investments since 2019, totaling approximately $260-million to date.On Oct. 31, director Sébastien Martel bought 2,000 shares at a cost per share of $152.66, initiating a position in this particular account. The cost of this purchase exceeded $305,000.

 

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