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, three insiders have invested a total amount of $131,973.Amar Doman, CEO and Director, acquired 7,100 Common Shares on an indirect ownership basis for registered holder The Futura Corporation at a price of $3.630 through the public market on March 13th, 2020. This represents a $25,773 investment into the company's shares and an account share holdings change of 0.1%.

Stephen William Marshall, a Senior Officer and Director, acquired 15,000 Common Shares on a direct ownership basis at prices ranging from $3.650 and $3.660 through the public market between March 12th, 2020 and March 13th, 2020. This represents a $54,820 investment into the company's shares and an account share holdings change of 9.0%.

Marc Seguin, a Director, acquired 14,000 Common Shares on a direct ownership basis at a price of $3.670 through the public market on March 12th, 2020. This represents a $51,380 investment into the company's shares and an account share holdings change of 7.8%.

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.