Insider Trading: Attara Capital Sold 1.7 M Shares of $LGDI

David Slager and Nat Rothschild’s Attara Capital made insider sales in Legend International Holdings Inc. (LGDI). According to a regulatory filing filled on January 4^th, the firm sold a total of 1.7 million shares starting on January 1^st, 2012, at $0.11/ share. The stock price went down throughout 2011, but in the first two days of 2012 it has increased slightly from 0.11/share to 0.14/share. Currently it trades at about $0.14.

Attara Capital LP is a hedge fund that mainly invests in Financial sector. It also has small investments in Industrial Goods, Technology, and Basic Material. Attara Capital LP is based in New York.

According to Google Finance, Legend International Holdings, Inc. “is an exploration stage company. The Company is engaged in mineral exploration and development activities. Legend primarily focuses in the development of its phosphate interests in the Georgina Basin of Queensland, Australia. The Legend landholdings, prospective for phosphate, diamonds and base metals, cover 517,000 acres in Queensland, Australia, and 4.2 million acres in the Northern Territory, Australia.”