A number of big trades among ASX small cap directors came from sectors or companies that have seen solid momentum in recent months.

Many directors are among the first to take a leap of faith in their company and reap the rewards along with early shareholders.

One buyer was Philip Dubois from diagnostic imaging provider EMVision (ASX:EMV).

His company listed at 20 cents back in 2018 and has gained over 900 per cent since then off the back of clinical trial success.

Dubois only joined EMVision last month but bought $100,000 within days of his appointment. He is a radiology professor and is also on the board of healthcare giant Sonic (ASX:SHL).

Code Company Director Change Date Volume $ What
CCA Change Financial Harley Dalton Buy 23 September 1,500,000 $190,000 On market
HLA Healthia Anthony Ganter Buy 28 September 249,730 $247,732 Dividend Reinvestment plan
EOS Electro Optic Systems Ian Dennis Sell 30 September 25,000 $145,000 On market
NVX Novonix Robert Natter Sell 14 July 407,500 $411,166 On market
BBX BBX Minerals William Dix Sell 29 September 367,401 $183,701 On market
EMV EMvision Medical Devices Philip Dubois Buy 1 October 40,000 $100,000 Off market
REE RareX John Young Buy 1 October 2,000,000 $100,000 Placement
HAS Hastings Technology Metals Charles Lew Buy 1 October 5,134,500 $734,234 Placement
ICT iCollege Ashish Katta Sell 2 October 16,500,000 $990,000 Off market
NXS Next Science Bruce Hancox Buy 2 October 154,330 $190,212 On market
CNJ Conico James Richardson Buy 2 October 9,122,918 $127,721 Rights Issue
CNJ Conico Douglas Solomon Buy 2 October 8,400,288 $117,604 Rights Issue
CAI Calidus Resources David Reeves Buy 5 October 275,000 $154,500 On market
TFL TasFoods Ben Swain Buy 2 October 2,502,941 $212,750 Rights Issue
KPG Kelly Partners Group Brett Kelly Sell 1 October 344,417 $413,300 Off market
VVA Viva Leisure Mark McConnell Sell 2 October 1,000,000 $2,300,000 Off market
NTM NTM Gold Michael Ruane Buy 6 October 2,065,000 $186,524 On market
AV1 Adveritas Mark McConnell Buy 7 October 26,666,667 $2,000,000 Placement
MGT Magnetite Mines Peter Schubert Buy 6 October 15,000,000 $150,000 Rights Issue
CHN Chalice Gold Mines Morgan Ball Sell 7 October 250,000 $700,251 On market
TPW Temple & Webster Stephen Heath Sell 31 August 150,000 $1,387,845 On market

 

Buyers

Two other ASX directors trades were in rare earths companies. The sector has lived in the shadow of gold for much of 2020 but many received a boost from President Trump’s executive order calling for more domestic rare earths production.

The US currently imports 80 per cent of its rare earth elements from China but is keen to change that.

While inevitably, the small caps with US-based projects will be first in line, stocks with Australian projects have seen a boost too.

John Young of RareX (ASX:REE) snapped up $100,000 in stock. His company recently acquired a project near Australia’s only rare earths mine – owned by producer Lynas (ASX:LYC) – and is preparing to drill next month.

Another was Charles Lew of Hastings (ASX:HAS) who chipped in $734,000 in a $14.6 million placement. His company is preparing to commence construction at its own project next year.

A number of gold buyers were on the list too in spite of spot prices stagnating in recent weeks.

James Richardson and Douglas Solomon from Greenland-focused Conico (ASX:CNJ) both put in $100,000 each.

Calidus Resources (ASX:CAI), which is aspiring to become a producer next year, saw David Reeves buy $154,500 on market.

And Michael Ruane from NTM Gold (ASX:NTM) bought $186,524 of shares in his own company, also on market.

There were few ASX directors’ trades in other sectors this week. But one notable trade was a $190,212 on market purchase by Bruce Hancox into Next Science (ASX:NXS).

His company is hoping to commercially launch its bug-killing surgical rinse into the US in the first half of next year.

 

Sellers

One of the biggest winners in the last 12 months is furniture store Temple & Webster (ASX:TPW) – up over 600 per cent in that time frame. It’s been one of the biggest beneficiaries of the ecommerce boom.

Stephen Heath sold $1.38 million in shares on market back on August 31 but this was only disclosed to the market last week.

This was the same day that its managing director Mark Coulter Temple & Webster (ASX:TPW) sold over $24m in shares to pay a tax bill.

Citadel Group (ASX:CGL) founder Mark McConnell sold $2.3 million in shares in Viva Leisure (ASX:VVA).

While Viva Leisure did not give an explanation to shareholders, he ended up buying $2 million of shares in ad-tech stock Adveritas (ASX:AV1) only a few days later.