Klondex Mines (KDX-T) rose to $2.70 from $1.90 in January and held fairly steady in February, but some insiders have decided it is time to sell.
The company's largest shareholder, Sun Valley Gold LLC, owned by Peter Palmedo, has sold one million shares at $2.65, leaving it with 14 million shares, and its second-largest shareholder, The K2 Principal Fund Ltd, has sold 1.94 million shares also around $2.65, leaving it with 12.3 million.
The most active director has been Rodney Cooper, who offloaded 110,000 shares at around $2.55 (after exercising options to buy 180,000 at prices ranging from $1.21 to $1.50) for a quick $139,000 profit. This is almost four times his $37,000 a year in director fees.
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