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Potential 5N Plus Inc. (TSE:VNP) shareholders may wish to note that the Independent Director, Jean-Marie Bourassa, recently bought CA$270k worth of stock, paying CA$6.65 for each share. Although the purchase only increased their holding by 2.4%, it is still a solid purchase in our view.
View our latest analysis for 5N Plus
5N Plus Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the Chief Financial Officer, Richard Perron, for CA$869k worth of shares, at about CA$6.98 per share. That means that an insider was selling shares at around the current price of CA$6.55. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern. The only individual insider seller over the last year was Richard Perron.
In the last twelve months insiders purchased 406.10k shares for CA$2.2m. But insiders sold 160.17k shares worth CA$1.1m. In the last twelve months there was more buying than selling by 5N Plus insiders. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
5N Plus is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of 5N Plus
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 4.9% of 5N Plus shares, worth about CA$29m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The 5N Plus Insider Transactions Indicate?
Insider sales and purchases have netted out over the last three months, so it's hard to draw any conclusion from recent trading. However, our analysis of transactions over the last year is heartening. Insiders own shares in 5N Plus and we see no evidence to suggest they are worried about the future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Our analysis shows 2 warning signs for 5N Plus (1 shouldn't be ignored!) and we strongly recommend you look at these before investing.