CanWel Building Materials (CWX) has notable insider buying

CanWel Building Materials (T:CWX)

Updated Monday Apr 24, 2017 01:57 AM EDT
CanWel Building Materials Group Ltd. (CWX) has a high amount of executive buying compared to its small-cap peers over the past three months. Amar Doman, CEO and Director, acquired 656,000 Common Shares on an indirect ownership basis for registered holder The Futura Corporation at a price of $6.100 through a prospectus or prospectus exempt offering on April 18th, 2017. This represents a $4,001,600 investment into the company's shares and an account share holdings change of 5.9%.

CanWel Building Materials Group Ltd is a Canada-based wholesale distributor of building materials and home renovation products, and provider of wood pressure treating services in Canada and the Western United States. The Company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers similar concerns. It also operates approximately seven wood preservation plants that produce wood products. Through its distribution warehouses, it provides a range of building products to dealer/lumberyard and home improvement centers. It carries a line of structural, exterior, interior and specialty products. Its CanWel Building Solutions offer design services. Builders and homeowners use the Company's products primarily in new construction, repair and remodeling.

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