North American Energy Partners Inc. (NOA): Asset Management Partner Polar , 10% owner of North American Energy Partners Inc. sold 513,300 shares on May 17, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $3.39 per share for a total value of $1,740,087.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 23, 2016, Capital Llc Cannell (10% owner) sold 721,096 shares at $1.97 per share price.
North American Energy Partners (USA): On Thursday, May 19, 2016 heightened volatility was witnessed in North American Energy Partners (USA) which led to swings in the share price. The shares opened for trading at $2.55 and hit $2.62 on the upside , eventually ending the session at $2.6, with a gain of 1.96% or 0.05 points. The heightened volatility saw the trading volume jump to 48,055 shares. The 52-week high of the share price is $2.9595 and the company has a market cap of $80 M . The 52-week low of the share price is at $1.3901.
North American Energy Partners Inc. is a provider of a range of mining and heavy construction services to customers in the resource development and industrial construction sectors primarily within Western Canada. The Company’s core principle includes the Canadian oil sands where it is engaged in providing construction and operations support services through all-stages of an oil sands project’s lifecycle. The Company’s services are primarily engaged in supporting the construction and operation of surface mines particularly in the oil sands with a focus on site clearing and access road construction; site development and underground utility installation; construction and relocation of mine site infrastructure; stripping muskeg removal and overburden removal; heavy equipment and labor supply; material hauling and mine reclamation and tailings pond construction.