Dorchester Minerals (NASDAQ: DMLP) Chief Financial Officer Leslie A. Moriyama acquired 5,197 common units on Aug. 19 at $28.30 per unit, totaling $147,075, according to a regulatory filing.
The transaction follows a broader rally in Dorchester Minerals' shares, which have appreciated 42% over the past year and reached a 52-week high of $29.26. Moriyama’s direct holdings now stand at 103,405 units, held individually, jointly with a spouse, or in an individual retirement account.
The purchase coincides with Dorchester Minerals’ recent agreement to acquire mineral and royalty interests in North Dakota’s Williston Basin. The deal involves approximately 3,100 net royalty acres across five counties, structured as a non-taxable contribution and exchange with unrelated third parties. In exchange, the contributing entities will receive 850,000 common units of Dorchester Minerals.
