{"id":1092399,"date":"2019-01-03T14:32:39","date_gmt":"2019-01-03T14:32:39","guid":{"rendered":"https:\/\/juniorminingnews.com\/?p=1092399"},"modified":"2019-01-03T14:34:05","modified_gmt":"2019-01-03T14:34:05","slug":"morning-ink-cp-ceo-sold-stock-after-lauding-share-buyback-program-cp","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1092399","title":{"rendered":"Morning INK :: CP CEO sold stock after lauding share buyback program (CP)"},"content":{"rendered":"<p>Note from Dudley Pierce Baker<br \/>\nI have maintained a subscription to INKResearch.com for many years allowing me to track insider trading in Canada and the U.S. markets. This is a general market comment from INK and I thought worthy of sharing with you.<\/p>\n<div data-test-id=\"message-view-body\">\n<div class=\"msg-body P_wpofO iy_A\" data-test-id=\"message-view-body-content\">\n<div class=\"jb_0 X_6MGW N_6Fd5\">\n<div>\n<div id=\"yiv9110587440\">\n<div>\n<div align=\"center\">\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/ecp.yusercontent.com\/mail?url=https%3A%2F%2Fwww.inkresearch.com%2Fimages%2Flogo1.jpg&amp;t=1546521145&amp;ymreqid=5eb54fb8-a152-e467-1c2f-29125c01fa00&amp;sig=4KKRK14GeB37gHI8mBMiow--~C\" alt=\"INK Research\" width=\"187\" height=\"45\" border=\"0\" \/><\/p>\n<div><strong>MORNING INK REPORT :: CP CEO sold stock after lauding share buyback program<\/strong><\/div>\n<div align=\"left\">January 3, 2019<\/div>\n<div id=\"yiv9110587440general_comment_div\" align=\"left\">\n<p>Yesterday,\u00a0<a href=\"https:\/\/www.inkresearch.com\/inkpage.php?pageid=2&amp;date=2019-01-02\" target=\"_blank\" rel=\"nofollow noopener\">we highlighted insider selling at Canadian National Railway<\/a>\u00a0(Cloudy;\u00a0<a href=\"https:\/\/www.inkresearch.com\/inkpage.php?pageid=3&amp;ticker=CNR\" target=\"_blank\" rel=\"nofollow noopener\">CNR<\/a>) and said that it did not give us any comfort regarding the potential for railway stocks to avoid getting hit by economic slowdown fears. Today, we visit Canadian Pacific Railway where CEO activity gives us the outright chills about the outlook for the stock.<\/p>\n<p>On October 17th, Canadian Pacific Railway (CP) announced its intention to launch a share repurchase program. In the accompanying press release, CEO Keith Creel said, &#8220;With the new share repurchase program, we are renewing our commitment to return cash to shareholders in a disciplined, opportunistic manner&#8221;. The TSX accepted the company&#8217;s notice for the buyback program two days later. In the following month, Mr. Creel sold $16.5 million in company shares after exercising options.<\/p>\n<p>Generally, we have a hard time with the idea that it is in the best interest of shareholders to use cash to buyback shares when the stock is soaring near all-time highs and debt lingers on the balance sheet. When such buybacks are accompanied by insider selling, we view it as a negative sign. When one of those insiders selling is also a board member, it is a bigger negative. This is the type of behavior and attitudes we tend to see in frothy and toppy environments. Sometimes those tops take a long time to form. In this case, we will stick our necks out and suggest the top for CP stock is probably in for a long time.<\/p>\n<\/div>\n<div>Canadian Pacific Railway (<a href=\"https:\/\/www.inkresearch.com\/login_frm.php?redir_=http:\/\/www.inkresearch.com\/inkpage.php?pageid=3%26ticker=CP\" target=\"_blank\" rel=\"nofollow noopener\">CP<\/a>)<\/div>\n<p><a href=\"https:\/\/www.inkresearch.com\/login_frm.php?redir_=http:\/\/www.inkresearch.com\/inkpage.php?pageid=3%26ticker=CP\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/ecp.yusercontent.com\/mail?url=https%3A%2F%2Fwww.inkresearch.com%2Fassets%2Fdc%2Fcharts%2Fmorning_co_profile_email.php%3Fid%3Dgynfxav60-60-200930-10-9102%252ACP&amp;t=1546521145&amp;ymreqid=5eb54fb8-a152-e467-1c2f-29125c01fa00&amp;sig=nGroLQndInBgWUQ9iXVBBA--~C\" width=\"535\" height=\"310\" border=\"0\" \/><\/a><\/p>\n<div>Characteristics<\/div>\n<table width=\"400\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td><\/td>\n<td align=\"center\" width=\"90\">Buys (000&#8217;s)<\/td>\n<td align=\"center\" width=\"90\">Sells (000&#8217;s)<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">SEDI Market Volume (Last 10 Days)<\/td>\n<td align=\"right\">2,000<\/td>\n<td align=\"right\">0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table width=\"400\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td align=\"left\">Quoted Market Value<\/td>\n<td align=\"right\" width=\"185\">$34,649,478,339<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Insider Holdings<\/td>\n<td align=\"right\">$13,602,580<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Holdings % of QMV<\/td>\n<td align=\"right\">0.04%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div><\/div>\n<div class=\"yiv9110587440spec_comment_div\" align=\"left\">\n<p>On November 8th, Canadian Pacific Railways (<a href=\"https:\/\/www.inkresearch.com\/login_frm.php?redir_=http:\/\/www.inkresearch.com\/inkpage.php?pageid=3%26ticker=CP\" target=\"_blank\" rel=\"nofollow noopener\">CP<\/a>) CEO Keith Creel exercised 60,000 Options at an exercise price of $115.78 and sold the same number of Common Shares in the public market at an average price of $275.23. The CEO currently holds 88 Common Shares on a direct holdings basis, and 2,322 Common Shares on an indirect holdings basis.<\/p>\n<p>Also on November 8th, the company repurchased 40,000 Common Shares at $275.01. Since October 19th, Canadian Pacific Railway has reported repurchasing 1,222,200 Common Shares at an average price of $268.12.<\/p>\n<p>The stock currently holds a cloudy INK Edge outlook on the equally weighted V.I.P. criteria of valuations, insider commitment and price momentum which places it in the bottom 30% of all stocks ranked. INK outlook categories are designed to identify groups of stocks that have the potential to out- or under-perform the market. However, any individual stock could surprise on the up or downside. As such, outlook categories are not meant to be stock-specific recommendations.<\/p>\n<\/div>\n<div>INSIDER FILING TRENDS (SEDI DATA)<\/div>\n<table>\n<tbody>\n<tr>\n<td align=\"center\">Number of TSX Companies with Sell\/Buy Filings<\/td>\n<\/tr>\n<tr>\n<td align=\"center\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/ecp.yusercontent.com\/mail?url=https%3A%2F%2Fwww.inkresearch.com%2Fassets%2Fdc%2Fcharts%2Fmorning_insider_trends.php%3Fid%3Dgynfxav60-60-2009G%252A20-10-9102&amp;t=1546521145&amp;ymreqid=5eb54fb8-a152-e467-1c2f-29125c01fa00&amp;sig=9ZzxSjp8J8xISmTaZmZ9NA--~C\" width=\"520\" height=\"352\" \/><\/td>\n<\/tr>\n<tr>\n<td align=\"center\">Number of Venture Companies with Marker Trades<\/td>\n<\/tr>\n<tr>\n<td align=\"center\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/ecp.yusercontent.com\/mail?url=https%3A%2F%2Fwww.inkresearch.com%2Fassets%2Fdc%2Fcharts%2Fmorning_insider_trends.php%3Fid%3Dgynfxav60-60-2009I%252A20-10-9102&amp;t=1546521145&amp;ymreqid=5eb54fb8-a152-e467-1c2f-29125c01fa00&amp;sig=fNYXcjs3jEaKuERvbvGoDw--~C\" width=\"520\" height=\"352\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div>LEADERS<\/div>\n<table width=\"550\">\n<tbody>\n<tr>\n<td colspan=\"5\" align=\"center\">Last Trading Day&#8217;s TSX Most Active (January 2, 2019)<\/td>\n<\/tr>\n<tr valign=\"bottom\">\n<td rowspan=\"2\">Issuer Name<\/td>\n<td rowspan=\"2\" align=\"center\" width=\"50\">Symbol<\/td>\n<td rowspan=\"2\" align=\"center\" width=\"55\">Trading<br \/>\nVolume<br \/>\n(000&#8217;s)<\/td>\n<td colspan=\"2\" align=\"center\">Insiders<\/td>\n<\/tr>\n<tr>\n<td align=\"center\" width=\"100\">90-Day<br \/>\nExecutive Bias<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Barrick Gold<\/td>\n<td align=\"center\">ABX<\/td>\n<td align=\"right\">46,929<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Aurora Cannabis<\/td>\n<td align=\"center\">ACB<\/td>\n<td align=\"right\">9,813<\/td>\n<td align=\"center\">Selling<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Bombardier<\/td>\n<td align=\"center\">BBD.B<\/td>\n<td align=\"right\">8,877<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Aphria<\/td>\n<td align=\"center\">APHA<\/td>\n<td align=\"right\">8,225<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">ProMetic Life Sciences<\/td>\n<td align=\"center\">PLI<\/td>\n<td align=\"right\">6,808<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Baytex Energy<\/td>\n<td align=\"center\">BTE<\/td>\n<td align=\"right\">5,579<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Encana<\/td>\n<td align=\"center\">ECA<\/td>\n<td align=\"right\">5,546<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Kinross Gold<\/td>\n<td align=\"center\">K<\/td>\n<td align=\"right\">5,178<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Manulife Financial<\/td>\n<td align=\"center\">MFC<\/td>\n<td align=\"right\">4,945<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Enbridge<\/td>\n<td align=\"center\">ENB<\/td>\n<td align=\"right\">4,442<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table width=\"550\">\n<tbody>\n<tr>\n<td colspan=\"5\" align=\"center\">Last Trading Day&#8217;s Venture Most Active (January 2, 2019)<\/td>\n<\/tr>\n<tr valign=\"bottom\">\n<td rowspan=\"2\">Issuer Name<\/td>\n<td rowspan=\"2\" align=\"center\" width=\"50\">Symbol<\/td>\n<td rowspan=\"2\" align=\"center\" width=\"55\">Trading<br \/>\nVolume<br \/>\n(000&#8217;s)<\/td>\n<td colspan=\"2\" align=\"center\">Insiders<\/td>\n<\/tr>\n<tr>\n<td align=\"center\" width=\"100\">90-Day<br \/>\nExecutive Bias<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Namaste Technologies<\/td>\n<td align=\"center\">N<\/td>\n<td align=\"right\">7,891<\/td>\n<td align=\"center\">Selling<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Kalytera Therapeutics<\/td>\n<td align=\"center\">KALY<\/td>\n<td align=\"right\">4,284<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Auxly Cannabis Group<\/td>\n<td align=\"center\">XLY<\/td>\n<td align=\"right\">2,948<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Sokoman Iron<\/td>\n<td align=\"center\">SIC<\/td>\n<td align=\"right\">2,437<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">CUV Ventures<\/td>\n<td align=\"center\">CUV<\/td>\n<td align=\"right\">2,050<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Rio2<\/td>\n<td align=\"center\">RIO<\/td>\n<td align=\"right\">1,901<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">OrganiGram Holdings<\/td>\n<td align=\"center\">OGI<\/td>\n<td align=\"right\">1,746<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">HIVE Blockchain Tech<\/td>\n<td align=\"center\">HIVE<\/td>\n<td align=\"right\">1,733<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Adamera Minerals<\/td>\n<td align=\"center\">ADZ<\/td>\n<td align=\"right\">1,724<\/td>\n<td align=\"center\">Selling<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">CardioComm Solutions<\/td>\n<td align=\"center\">EKG<\/td>\n<td align=\"right\">1,481<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table width=\"550\">\n<tbody>\n<tr>\n<td colspan=\"5\" align=\"center\">Last Trading Day&#8217;s TSX Price Gainers (January 2, 2019)<\/td>\n<\/tr>\n<tr valign=\"bottom\">\n<td rowspan=\"2\">Issuer Name<\/td>\n<td rowspan=\"2\" align=\"center\" width=\"50\">Symbol<\/td>\n<td rowspan=\"2\" align=\"center\" width=\"55\">D\/D Gain<\/td>\n<td colspan=\"2\" align=\"center\">Insiders<\/td>\n<\/tr>\n<tr>\n<td align=\"center\" width=\"100\">90-Day<br \/>\nExecutive Bias<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">E-L Financial<\/td>\n<td align=\"center\">ELF<\/td>\n<td align=\"right\">$16.94<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Canadian Tire<\/td>\n<td align=\"center\">CTC<\/td>\n<td align=\"right\">$11.90<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Fairfax Financial Holding<\/td>\n<td align=\"center\">FFH<\/td>\n<td align=\"right\">$3.06<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Canopy Growth<\/td>\n<td align=\"center\">WEED<\/td>\n<td align=\"right\">$2.67<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Bausch Health Companies<\/td>\n<td align=\"center\">BHC<\/td>\n<td align=\"right\">$2.22<\/td>\n<td align=\"center\">Selling<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">goeasy<\/td>\n<td align=\"center\">GSY<\/td>\n<td align=\"right\">$2.16<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Senvest Capital<\/td>\n<td align=\"center\">SEC<\/td>\n<td align=\"right\">$1.99<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Methanex<\/td>\n<td align=\"center\">MX<\/td>\n<td align=\"right\">$1.98<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">TransCanada<\/td>\n<td align=\"center\">TRP<\/td>\n<td align=\"right\">$1.66<\/td>\n<td align=\"center\">Selling<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Equitable Group<\/td>\n<td align=\"center\">EQB<\/td>\n<td align=\"right\">$1.65<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div>LEADERS (CONT.)<\/div>\n<table width=\"550\">\n<tbody>\n<tr>\n<td colspan=\"5\" align=\"center\">Last Trading Day&#8217;s Venture Price Gainers (January 2, 2019)<\/td>\n<\/tr>\n<tr valign=\"bottom\">\n<td rowspan=\"2\">Issuer Name<\/td>\n<td rowspan=\"2\" align=\"center\" width=\"50\">Symbol<\/td>\n<td rowspan=\"2\" align=\"center\" width=\"55\">D\/D Gain<\/td>\n<td colspan=\"2\" align=\"center\">Insiders<\/td>\n<\/tr>\n<tr>\n<td align=\"center\" width=\"100\">90-Day<br \/>\nExecutive Bias<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Shaw Communications<\/td>\n<td align=\"center\">SJR.A<\/td>\n<td align=\"right\">$2.70<\/td>\n<td align=\"center\">Selling<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">OrganiGram Holdings<\/td>\n<td align=\"center\">OGI<\/td>\n<td align=\"right\">$0.83<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Cobalt 27 Capital<\/td>\n<td align=\"center\">KBLT<\/td>\n<td align=\"right\">$0.50<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Galaxy Digital Holdings<\/td>\n<td align=\"center\">GLXY<\/td>\n<td align=\"right\">$0.40<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Abitibi Royalties<\/td>\n<td align=\"center\">RZZ<\/td>\n<td align=\"right\">$0.32<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Emerald Health Therapeuti<\/td>\n<td align=\"center\">EMH<\/td>\n<td align=\"right\">$0.27<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Namaste Technologies<\/td>\n<td align=\"center\">N<\/td>\n<td align=\"right\">$0.24<\/td>\n<td align=\"center\">Selling<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Questor Technology<\/td>\n<td align=\"center\">QST<\/td>\n<td align=\"right\">$0.24<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">DiaMedica Therapeutics<\/td>\n<td align=\"center\">DMA<\/td>\n<td align=\"right\">$0.20<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Millennial Lithium<\/td>\n<td align=\"center\">ML<\/td>\n<td align=\"right\">$0.20<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table width=\"550\">\n<tbody>\n<tr>\n<td colspan=\"5\" align=\"center\">Last Trading Day&#8217;s TSX Price Losers (January 2, 2019)<\/td>\n<\/tr>\n<tr valign=\"bottom\">\n<td rowspan=\"2\">Issuer Name<\/td>\n<td rowspan=\"2\" align=\"center\" width=\"50\">Symbol<\/td>\n<td rowspan=\"2\" align=\"center\" width=\"55\">D\/D Loss<\/td>\n<td colspan=\"2\" align=\"center\">Insiders<\/td>\n<\/tr>\n<tr>\n<td align=\"center\" width=\"100\">90-Day<br \/>\nExecutive Bias<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Constellation Software<\/td>\n<td align=\"center\">CSU<\/td>\n<td align=\"right\">23.15<\/td>\n<td align=\"center\">Selling<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Boyd Group Income Fund<\/td>\n<td align=\"center\">BYD.UN<\/td>\n<td align=\"right\">3.05<\/td>\n<td align=\"center\">Selling<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Morguard<\/td>\n<td align=\"center\">MRC<\/td>\n<td align=\"right\">3.01<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">FirstService<\/td>\n<td align=\"center\">FSV<\/td>\n<td align=\"right\">2.57<\/td>\n<td align=\"center\">Selling<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Restaurant Brands Intl LP<\/td>\n<td align=\"center\">QSP.UN<\/td>\n<td align=\"right\">2.23<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Shopify<\/td>\n<td align=\"center\">SHOP<\/td>\n<td align=\"right\">1.68<\/td>\n<td align=\"center\">Selling<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Restaurant Brands Intl<\/td>\n<td align=\"center\">QSR<\/td>\n<td align=\"right\">1.56<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Linamar<\/td>\n<td align=\"center\">LNR<\/td>\n<td align=\"right\">1.44<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Nutrien<\/td>\n<td align=\"center\">NTR<\/td>\n<td align=\"right\">1.34<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Thomson Reuters<\/td>\n<td align=\"center\">TRI<\/td>\n<td align=\"right\">1.33<\/td>\n<td align=\"center\">Selling<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table width=\"550\">\n<tbody>\n<tr>\n<td colspan=\"5\" align=\"center\">Last Trading Day&#8217;s Venture Price Losers (January 2, 2019)<\/td>\n<\/tr>\n<tr valign=\"bottom\">\n<td rowspan=\"2\">Issuer Name<\/td>\n<td rowspan=\"2\" align=\"center\" width=\"50\">Symbol<\/td>\n<td rowspan=\"2\" align=\"center\" width=\"55\">D\/D Loss<\/td>\n<td colspan=\"2\" align=\"center\">Insiders<\/td>\n<\/tr>\n<tr>\n<td align=\"center\" width=\"100\">90-Day<br \/>\nExecutive Bias<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">XPEL<\/td>\n<td align=\"center\">DAP.U<\/td>\n<td align=\"right\">0.30<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">People Corp<\/td>\n<td align=\"center\">PEO<\/td>\n<td align=\"right\">0.29<\/td>\n<td align=\"center\">Selling<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Frankly<\/td>\n<td align=\"center\">TLK<\/td>\n<td align=\"right\">0.25<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Jemtec<\/td>\n<td align=\"center\">JTC<\/td>\n<td align=\"right\">0.19<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">SilverCrest Metals<\/td>\n<td align=\"center\">SIL<\/td>\n<td align=\"right\">0.18<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Candelaria Mining<\/td>\n<td align=\"center\">CAND<\/td>\n<td align=\"right\">0.14<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Probe Metals<\/td>\n<td align=\"center\">PRB<\/td>\n<td align=\"right\">0.10<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Novo Resources<\/td>\n<td align=\"center\">NVO<\/td>\n<td align=\"right\">0.10<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Pacific Booker Minerals<\/td>\n<td align=\"center\">BKM<\/td>\n<td align=\"right\">0.10<\/td>\n<td align=\"center\">Selling<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Eastwood Bio-Medical Ca<\/td>\n<td align=\"center\">EBM<\/td>\n<td align=\"right\">0.10<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div>LEADERS (CONT.)<\/div>\n<table width=\"550\">\n<tbody>\n<tr>\n<td colspan=\"5\" align=\"center\">Last Trading Day&#8217;s TSX Percentage Gainers (January 2, 2019)<\/td>\n<\/tr>\n<tr valign=\"bottom\">\n<td rowspan=\"2\">Issuer Name<\/td>\n<td rowspan=\"2\" align=\"center\" width=\"50\">Symbol<\/td>\n<td rowspan=\"2\" align=\"center\" width=\"55\">D\/D %Gain<\/td>\n<td colspan=\"2\" align=\"center\">Insiders<\/td>\n<\/tr>\n<tr>\n<td align=\"center\" width=\"100\">90-Day<br \/>\nExecutive Bias<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">First Mining Gold<\/td>\n<td align=\"center\">FF<\/td>\n<td align=\"right\">42.86%<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">ProMetic Life Sciences<\/td>\n<td align=\"center\">PLI<\/td>\n<td align=\"right\">37.25%<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Granite Oil<\/td>\n<td align=\"center\">GXO<\/td>\n<td align=\"right\">23.64%<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Profound Medical<\/td>\n<td align=\"center\">PRN<\/td>\n<td align=\"right\">21.82%<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Faircourt Split Trust<\/td>\n<td align=\"center\">FCS.UN<\/td>\n<td align=\"right\">21.53%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Real Matters<\/td>\n<td align=\"center\">REAL<\/td>\n<td align=\"right\">20.00%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Fortune Minerals<\/td>\n<td align=\"center\">FT<\/td>\n<td align=\"right\">20.00%<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Obsidian Energy<\/td>\n<td align=\"center\">OBE<\/td>\n<td align=\"right\">17.65%<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">TriMetals Mining<\/td>\n<td align=\"center\">TMI.B<\/td>\n<td align=\"right\">15.38%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Aptose Biosciences<\/td>\n<td align=\"center\">APS<\/td>\n<td align=\"right\">15.38%<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table width=\"550\">\n<tbody>\n<tr>\n<td colspan=\"5\" align=\"center\">Last Trading Day&#8217;s Venture Percentage Gainers (January 2, 2019)<\/td>\n<\/tr>\n<tr valign=\"bottom\">\n<td rowspan=\"2\">Issuer Name<\/td>\n<td rowspan=\"2\" align=\"center\" width=\"50\">Symbol<\/td>\n<td rowspan=\"2\" align=\"center\" width=\"55\">D\/D %Gain<\/td>\n<td colspan=\"2\" align=\"center\">Insiders<\/td>\n<\/tr>\n<tr>\n<td align=\"center\" width=\"100\">90-Day<br \/>\nExecutive Bias<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Mazarin<\/td>\n<td align=\"center\">MAZ.H<\/td>\n<td align=\"right\">69.23%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">DeepMarkit<\/td>\n<td align=\"center\">MKT<\/td>\n<td align=\"right\">50.00%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Volcanic Gold Mines<\/td>\n<td align=\"center\">VG<\/td>\n<td align=\"right\">50.00%<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Galaxy Digital Holdings<\/td>\n<td align=\"center\">GLXY<\/td>\n<td align=\"right\">40.00%<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Aftermath Silver<\/td>\n<td align=\"center\">AAG.H<\/td>\n<td align=\"right\">38.46%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Mammoth Resources<\/td>\n<td align=\"center\">MTH<\/td>\n<td align=\"right\">33.33%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">AurCrest Gold<\/td>\n<td align=\"center\">AGO<\/td>\n<td align=\"right\">33.33%<\/td>\n<td align=\"center\">Selling<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Nortec Minerals<\/td>\n<td align=\"center\">NVT<\/td>\n<td align=\"right\">33.33%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Stans Energy<\/td>\n<td align=\"center\">HRE<\/td>\n<td align=\"right\">33.33%<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Pure Energy Minerals<\/td>\n<td align=\"center\">PE<\/td>\n<td align=\"right\">33.33%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table width=\"550\">\n<tbody>\n<tr>\n<td colspan=\"5\" align=\"center\">Last Trading Day&#8217;s TSX Percentage Losers (January 2, 2019)<\/td>\n<\/tr>\n<tr valign=\"bottom\">\n<td rowspan=\"2\">Issuer Name<\/td>\n<td rowspan=\"2\" align=\"center\" width=\"50\">Symbol<\/td>\n<td rowspan=\"2\" align=\"center\" width=\"55\">D\/D %Loss<\/td>\n<td colspan=\"2\" align=\"center\">Insiders<\/td>\n<\/tr>\n<tr>\n<td align=\"center\" width=\"100\">90-Day<br \/>\nExecutive Bias<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Aberdeen International<\/td>\n<td align=\"center\">AAB<\/td>\n<td align=\"right\">-16.67%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">exactEarth<\/td>\n<td align=\"center\">XCT<\/td>\n<td align=\"right\">-13.46%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">DXI Energy<\/td>\n<td align=\"center\">DXI<\/td>\n<td align=\"right\">-12.50%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">SOPerior Fertilizer<\/td>\n<td align=\"center\">SOP<\/td>\n<td align=\"right\">-12.50%<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Xtra-Gold Resources<\/td>\n<td align=\"center\">XTG<\/td>\n<td align=\"right\">-10.47%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Brompton Oil Split<\/td>\n<td align=\"center\">OSP<\/td>\n<td align=\"right\">-10.46%<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">ENTREC<\/td>\n<td align=\"center\">ENT<\/td>\n<td align=\"right\">-9.68%<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Posera<\/td>\n<td align=\"center\">PAY<\/td>\n<td align=\"right\">-9.52%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Scandium Int&#8217;l Mining<\/td>\n<td align=\"center\">SCY<\/td>\n<td align=\"right\">-9.52%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Dundee<\/td>\n<td align=\"center\">DC.A<\/td>\n<td align=\"right\">-9.38%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div>LEADERS (CONT.)<\/div>\n<table width=\"550\">\n<tbody>\n<tr>\n<td colspan=\"5\" align=\"center\">Last Trading Day&#8217;s Venture Percentage Losers (January 2, 2019)<\/td>\n<\/tr>\n<tr valign=\"bottom\">\n<td rowspan=\"2\">Issuer Name<\/td>\n<td rowspan=\"2\" align=\"center\" width=\"50\">Symbol<\/td>\n<td rowspan=\"2\" align=\"center\" width=\"55\">D\/D %Loss<\/td>\n<td colspan=\"2\" align=\"center\">Insiders<\/td>\n<\/tr>\n<tr>\n<td align=\"center\" width=\"100\">90-Day<br \/>\nExecutive Bias<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">True North Gems<\/td>\n<td align=\"center\">TGX<\/td>\n<td align=\"right\">-60.00%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">TVI Pacific<\/td>\n<td align=\"center\">TVI<\/td>\n<td align=\"right\">-50.00%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Waterfront Capital<\/td>\n<td align=\"center\">WFG.H<\/td>\n<td align=\"right\">-33.33%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Quinto Resources<\/td>\n<td align=\"center\">QIT<\/td>\n<td align=\"right\">-28.57%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Volt Energy<\/td>\n<td align=\"center\">VOLT<\/td>\n<td align=\"right\">-28.57%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Strategic Oil &amp; Gas<\/td>\n<td align=\"center\">SOG<\/td>\n<td align=\"right\">-25.00%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Candelaria Mining<\/td>\n<td align=\"center\">CAND<\/td>\n<td align=\"right\">-23.73%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">High Mountain Capital<\/td>\n<td align=\"center\">BUZD.P<\/td>\n<td align=\"right\">-23.53%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">BTU Metals<\/td>\n<td align=\"center\">BTU<\/td>\n<td align=\"right\">-21.74%<\/td>\n<td align=\"center\">Buying<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Toachi Mining<\/td>\n<td align=\"center\">TIM<\/td>\n<td align=\"right\">-21.05%<\/td>\n<td align=\"center\">N\/A<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div>DISCLAIMER<\/div>\n<div align=\"left\">\n<p>Copyright \u00a9 2019 INK Research Corp. All rights reserved. It is a violation of copyright laws to reproduce all or part of this publication or service by email, or any other means without the permission of INK Research Corp. You should not attribute in any other publication, disseminate, or distribute information contained herein without the written consent of INK Research Corp. INK Edge\u00ae and INK Research\u00ae are registered trade-marks owned by INK Research Corp. SEDI \u00ae is a registered trade-mark owned by the Alberta Securities Commission.<\/p>\n<p>INK provides general information. INK is not an investment advisory service, a financial planner, an investment advisor nor a securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment. Users should always consult with and obtain advice from their professional licensed financial advisor, including their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment or trading securities do so with caution. Users should perform full due diligence and investigate any security fully before making an investment or before the execution of a security trade based upon information learned through INK. Investors should obtain annual reports and other company information to complete their own due diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision made. INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion; however, there may be inadvertent and occasional errors. INK makes no guarantee of accuracy or completeness. All information and opinion expressed herein is subject to change without notice. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this website. There may be links on this site to third-party sites or pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible for and assumes no liability for the accuracy, completeness or timeliness of the information or contents of any linked sites or pages. The inclusion of any link by us does not imply that INK recommends, approves or endorses the linked site or pages.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"jb_0 X_6MGW N_6Fd5\"><\/div>\n<\/div>\n<div class=\"H_7jIs D_F ab_C Q_69H5 E_36RhU\" data-test-id=\"toolbar-hover-area\">\n<div class=\"D_F W_6D6F r_BN gl_C\" data-test-id=\"card-toolbar\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Note from Dudley Pierce Baker I have maintained a subscription to INKResearch.com for many years allowing me to track insider trading in Canada and the U.S. markets. This is a general market comment from INK and I thought worthy of sharing with you. MORNING INK REPORT :: CP CEO sold stock after lauding share buyback [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1064,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4,1],"tags":[137,889,62,338,115],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1092399"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1092399"}],"version-history":[{"count":4,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1092399\/revisions"}],"predecessor-version":[{"id":1092405,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1092399\/revisions\/1092405"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/media\/1064"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1092399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1092399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1092399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}