CanWel Building Materials (CWX) has notable insider buying

CanWel Building Materials (T:CWX)

CanWel Building Materials Group Ltd. (CWX) has a high amount of executive buying compared to its small-cap peers over the past three months. According to regulatory filings yesterday, two insiders have invested a total amount of $124,619.Ian Baskerville, a Director, acquired 12,300 Common Shares on a direct ownership basis at prices ranging from $4.380 and $4.400 through the public market on August 8th, 2019. The insider also acquired 3,700 Common Shares on an indirect ownership basis for registered holder TFSA Filomena Baskerville at a price of $4.400 through the public market on August 8th, 2019. This represents a $70,369 investment into the company's shares and an account share holdings change of 26.0%.

Amar Doman, CEO and Director, acquired 12,500 Common Shares on an indirect ownership basis for registered holder The Futura Corporation at a price of $4.340 through the public market on August 12th, 2019. This represents a $54,250 investment into the company's shares and an account share holdings change of 0.1%.

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.