Insider Trades: Directors bought shares in these 22 ASX companies last week

Here's what ASX company directors have been buying and selling.

August 10, 2023 14:05

Livewire Markets

Welcome back to the Insider Trades Series – A summary of on-market director trades valued at more than $10,000 between 28 July and 4 August 2023.

In small- and mid-caps, the largest transactions were at Greenland-based Arctic Rift Copper explorer GreenX Metals (ASX: GRX), and African graphite play, NGX Limited (ASX: NGX).

Code	Company	Date	Director	Type	Price	Value
ASX: GRX	Greenx Metals Ltd	03/08/23	Mark Pearce	Sell	$0.97	$242,986
ASX: NGX	NGX Ltd	01/08/23	Ian Middlemas	Buy	$0.23	$241,363
ASX: TBN	Tamboran Resources Ltd	31/07/23	David Siegel	Buy	$0.15	$72,500
ASX: PEN	Peninsula Energy Ltd	04/08/23	Wayne Heili	Sell	$0.11	$61,264
ASX: RDM	Red Metal Ltd	01/08/23	Joshua Pitt	Buy	$0.07	$59,500
ASX: PEB	Pacific Edge Ltd	04/08/23	Bryan Williams	Buy	$0.13	$49,860
ASX: MZZ	Matador Mining Ltd	31/07/23	Sam Pazuki	Buy	$0.06	$38,198
ASX: ELT	Elementos Ltd	07/08/23	Andrew Greig	Buy	$0.15	$30,000
ASX: LMG	Latrobe Magnesium Ltd	31/07/23	John Lee	Buy	$0.06	$29,000
ASX: ALM	Alma Metals Ltd	03/08/23	Alasdair Cooke	Buy	$0.01	$23,335
ASX: PAT	Patriot Lithium Ltd	07/08/23	Philip Thick	Buy	$0.22	$22,214
ASX: PAT	Patriot Lithium Ltd	07/08/23	Nicholas Vickery	Buy	$0.21	$21,325
ASX: LSR	Lodestar Minerals Ltd	07/08/23	Edward Turner	Buy	$0.01	$20,000
ASX: WA8	Warriedar Resources Ltd	28/07/23	Amanda Buckingham	Buy	$0.08	$20,000
ASX: ILT	Iltani Resources Ltd	28/07/23	Anthony Reilly	Buy	$0.24	$18,000
ASX: PAT	Patriot Lithium Ltd	07/08/23	Matthew Gauci	Buy	$0.22	$15,106
ASX: TMK	TMK Energy Ltd	02/08/23	John Warburton	Buy	$0.02	$15,000
ASX: CDM	Cadence Capital Ltd	01/08/23	Karl Siegling	Buy	$0.79	$14,137
ASX: AHN	Athena Resources Ltd	2/8/23	Peter Newcomb	Buy	$0.01	$13,038
ASX: NTL	New Talisman Gold Mines Ltd	28/7/23	Samantha Sharif	Sell	$0.02	$10,970
ASX: QXR	QX Resources Ltd	28/7/23	Maurice Feilich	Buy	$0.03	$10,860
ASX: T92	Terra Uranium Ltd	2/8/23	Andrew Vigar	Buy	$0.14	$10,397

Mark Pearce, company secretary and a non-executive director at GreenX, sold almost $243,000 worth of the stock on 3 August. The latest news from the company came on 10 July, when it entered an option agreement to buy up to 100% of the Eleonore North gold project in eastern Greenland.

The six-month share price of GreenX (Source: Market Index)

At NGX, non-executive chairman and non-executive director Ian Middlemas bought $241,000 of the $16.3 million market cap Malawi graphite miner’s stock.

The six-month share price of NGX (Source: Market Index)

Last week also saw three transactions from inside North American lithium explorer Patriot Lithium. Chairman Philip Thick, managing director and CEO Nicholas Vickery, and executive director Matt Gauci each scooped up between $15,000 and $22,000 worth of stock.

Patriot hit the ASX boards in December, its share price doubling to 44 cents a share in the first couple of weeks, from its IPO price of 20 cents. Its quarterly activity report on 31 July included “highly encouraging” signs from its exploration-stage Gorman Project in Ontario, Canada, alongside sampling results from US projects in Wickenburg, Arizona and Black Hills, South Dakota and Wyoming.

The six-month share price of Patriot Metals (Source: Market Index)

The next-biggest transaction was at Australian copper explorer Red Metal, where non-executive director Joshua Pitt bought $59,500 worth of stock. The micro-cap explorer, with a market cap of $17.4 million, reported surveying and “proof of concept” activities were ongoing at its Yarrie, Western Australia Copper-Gold-Cobalt and Queensland Gulf and Lawn Hill lead-zinc-silver-copper projects.

The biggest of the large-cap insider trades last week was a $155,000 SELL by Pinnacle Investment Management’s Deborah Beale.

Code	Company	Date	Director	Type	Amount	Price	Value
ASX: PNI	Pinnacle Investment Management	28/07/23	Deborah Beale	Sell	-15,000	$10.37	$155,601
ASX: MTS	Metcash Ltd	01/08/23	Mark Johnson	Buy	20,000	$3.63	$72,570
ASX: MQG	Macquarie Group Ltd	02/08/23	Susan Lloyd-Hurwitz	Buy	283	$176.55	$49,963
ASX: RIO	RIO Tinto Ltd	03/08/23	Susan Lloyd-Hurwitz	Buy	436	$114.52	$49,930

Susan Lloyd-Hurwitz, former Mirvac CEO and a director of both Macquarie Group and Rio Tinto, pushed just under $50,000 into the registries of both the investment bank and mining behemoth.

This article was first published on Market Index on Thursday 10 August.

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