An adviser to the potash exploration company Sirius has exercised an option on 900,000 of the company's shares.
Sirius has sold the shares for £54,000, or 6p per share, giving the adviser a profit on yesterday's close of £180,000.
Since yesterday Sirius has fallen back slightly, to 21.91p (a 15.5% drop). In the last 12 months however the stock has gained 155%.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
BS
-
Fund flows rose in April but did investors sell in May?ISA season prompted the highest level of inflows into investment funds during April but the mood may have changed in May
-
Pension Scheme Bill: what’s changing and what it means for youThe government’s latest reforms to pensions are designed to make saving for retirement easier and better value for money – but will they leave you better off?
