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Antipa Minerals Limited (ASX:AZY) insiders who purchased shares in the last 12 months were richly rewarded last week. The stock climbed by 19% resulting in a AU$34m addition to the company’s market value. As a result, their original purchase of AU$210.1k worth of stock is now worth AU$418.0k.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for Antipa Minerals
The Last 12 Months Of Insider Transactions At Antipa Minerals
Over the last year, we can see that the biggest insider purchase was by Independent & Non-Executive Director Gary Johnson for AU$165k worth of shares, at about AU$0.025 per share. Even though the purchase was made at a significantly lower price than the recent price (AU$0.038), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
While Antipa Minerals insiders bought shares during the last year, they didn't sell. They paid about AU$0.019 on average. We don't deny that it is nice to see insiders buying stock in the company. However, you should keep in mind that they bought when the share price was meaningfully below today's levels. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Antipa Minerals is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insiders At Antipa Minerals Have Bought Stock Recently
It's good to see that Antipa Minerals insiders have made notable investments in the company's shares. Specifically, Independent & Non-Executive Director Gary Johnson bought AU$165k worth of shares in that time, and we didn't record any sales whatsoever. This makes one think the business has some good points.
Does Antipa Minerals Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that Antipa Minerals insiders own about AU$11m worth of shares (which is 5.4% of the company). We do generally prefer see higher levels of insider ownership.