(Sharecast News) - Hummingbird Resources revealed on Wednesday that chief executive Daniel Betts had purchased 100,000 ordinary shares in the AIM-listed gold mining firm.
Betts, who founded Hummingbird back in 2005, acquired the shares on Tuesday at an average price of 2,519.00p each, for a total value of ?2.51m.
Back in February, analysts at Berenberg upped their target price on Hummingbird Resources from 38.0p to 44.0p after the group's updated five-year mine plan and guidance for 2020 which had confirmed the business' strategy and focus.
Berenberg said 2020 was set to be "a pivotal year" for Hummingbird, as rapid deleveraging continued and its transition to a net cash position was expected to take shape.
As of 1640 GMT, Hummingbird shares were up 4.08% at ?2,550p.
Top Director Buys
Hummingbird Resources (HUM)
Director name: Betts,Daniel E.
Amount purchased: 100,000 @ 2,519.00p
Value: ?2,519,000.05
Wizz Air Holdings (WIZZ)
Director name: Eccleston,Barry
Amount purchased: 2,500 @ 3,414.47p
Value: ?85,361.75
Loungers (LGRS)
Director name: Reilley,Alex
Amount purchased: 40,000 @ 212.50p
Value: ?85,000.00
St. Modwen Properties (SMP)
Director name: Hudson ,Robert
Amount purchased: 17,012 @ 481.00p
Value: ?81,827.72
Berkeley Group Holdings (the) (BKG)
Director name: Vernon ,Peter
Amount purchased: 1,391 @ 4,789.00p
Value: ?66,614.99
Wpp (WPP)
Director name: Whitbread,Jasmine
Amount purchased: 3,330 @ 741.85p
Value: ?24,703.60
Keller Group (KLR)
Director name: Porritt,Kerry
Amount purchased: 623 @ 794.52p
Value: ?4,949.86
Ultra Electronics Holdings (ULE)
Director name: Pryce,Simon
Amount purchased: 8 @ 1,918.35p
Value: ?153.47
Ultra Electronics Holdings (ULE)
Director name: Sclater,Jos
Amount purchased: 8 @ 1,918.35p
Value: ?153.47
Top Director Sells
Wizz Air Holdings (WIZZ)
Director name: Franke,William
Amount sold: 9,560,406 @ 4,015.00p
Value: ?383,850,315.49
Wizz Air Holdings (WIZZ)
Director name: Franke,William
Amount sold: 2,892,894 @ 4,015.00p
Value: ?116,149,698.51
Hummingbird Resources (HUM)4 Jun 2024 16:41
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