LONDON (ShareCast) - Sierra Rutile's Non-Executive Chairman, Jan Castro, has swelled his stake in the mineral sands group to more than two million shares after a purchase made at the end of last week.

Castro bought 627,500 shares at 50p a time, costing him a total of £313,750.

A more modest purchase was made the same day by Non-Executive Director Mike Brown, who spent £17,500 on 35,000 shares.

At the half year point the group reported a 22% increase in rutile production at 51,985 tonnes, however sales in the first six months of the year fell 33% to $66.4m, primarily as a result of lower market pricing.

Profit before tax for the period totalled $3.8m, compared to $56.7m in the same period the prior year.

Castro and Brown now hold 2.3m and 285,000 shares, respectively.


Top Director Buys

Sierra Rutile Ltd (SRX)
Director name: Mr Jan Alex Castro
Amount purchased: 627,500 @ 50.00p
Value: £313,750

Sierra Rutile Ltd (SRX)
Director name: Mr Michael Brown
Amount purchased: 35,000 @ 50.00p
Value: £17,500

Plant Health Care (PHC)
Director name: Mr James Ede-Golightly
Amount purchased: 21,000 @ 69.00p
Value: £14,490

Foresight 3 VCT (FTD)
Director name: Mr Peter Dicks
Amount purchased: 24,691 @ 55.50p
Value: £13,704


Top Director Sells

Allocate Software (ALL)
Director name: Mr Chris Gale
Amount sold: 447,571 @ 101.00p
Value: £452,047

Allocate Software (ALL)
Director name: Mr Terry Osborne
Amount sold: 100,000 @ 101.00p
Value: £101,000

red24 (REDT)
Director name: Mr Simon Richards
Amount sold: 240,000 @ 15.75p
Value: £37,800

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