Directors Trades: The small cap directors that keep going back for more
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Last week was another quiet week among directors trades but there were still a handful including a pair of directors who went in for the second time in as many months.
In mid-December Byron Energy (ASX:BYE) directors Douglas Battersby bought just over $700,000 while Paul Young bought $300,000.
This was part of a $25m capital raising undertaken by the Gulf of Mexico-focused explorer. The pair went in again, buying $270,000 each last week.
Last quarter, Byron encountered a true vertical thickness net pay of 301 feet in the upper O Sands at its SM58 well. At another well, SM71, drilling started last week. The company banked $US6.3m ($9.4m) in net revenue during the December quarter.
Another group of directors bought into illiquid product designer Inventis (ASX:IVT) as part of a capital raising.
The trio was led by Tony Noun, who bought $200,000. Peter Bobbin put in $100,000 and Anthony Mankarios bought $134,577.
Mankarios only became managing director last quarter. He told shareholders his goal was to scale up the company in the coming months through partnerships at home and abroad.
He hinted this could come from mergers and acquisitions.
Finally, Integrated Green Energy Solutions (ASX:IGE) director Paul Dixon sold $248,931.57 worth of shares.
He sold the shares before the company was suspended by the ASX, which is querying Integrated Energy over a couple of issues.