Insider Report: Eric Sprott is buying a penny stock that’s up 219% in 2024

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.
The list features insider transaction activity; it does not convey total ownership information as an insider may hold numerous accounts.
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. I tend to put great weight on insider transaction activity when I see multiple insiders trading a company’s shares or units.
Listed below are three securities that have had recent buying activity in the public market reported by insiders.
Cerro de Pasco Resources Inc. (CDPR-CN)
Between Oct. 11-21, Eric Sprott, with an ownership position exceeding 10 per cent, invested over $409,000 in shares of the company. He purchased a total of 2,190,500 shares in the public market at an average cost per share of approximately 19 cents for an account in which he has indirect ownership (2176423 Ontario Ltd.). This specific account currently holds 64,749,000 shares.
Year-to-date, the share price is up 219 per cent as of the close on Oct. 28.
Rogers Communications Inc. (RCI-B-T)
On Oct. 25, director David Robinson bought 2,384 shares at an average price per share of approximately $52.10 for an account in which he has indirect ownership (Darwin Investments Limited), raising the holdings in this particular account to 3,884 shares. The cost of this investment totaled more than $124,000.
TFI International Inc. (TFII-T)
On Oct. 28, director John Pratt acquired 650 shares at a price per share of US$134.727, lifting the holdings in this specific account to 3,531 shares. The cost of the purchase exceeded US$87,000.
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The following stock has had recent selling activity in the public market reported by an insider.
Standard Lithium Ltd. (SLI-X)
On Oct. 16, chairman Robert Cross sold 50,000 shares at a price per share of $2.81, after which this particular account held 814,000 shares. Proceeds from the sale exceeded $140,000, excluding trading fees.
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