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Viewing insider transactions for ATEX Resources Inc.'s (CVE:ATX ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold.
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 ATEX Resources
The Last 12 Months Of Insider Transactions At ATEX Resources
The Director Christopher Beer made the biggest insider purchase in the last 12 months. That single transaction was for CA$500k worth of shares at a price of CA$1.48 each. That means that an insider was happy to buy shares at around the current price of CA$1.52. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for ATEX Resources share holders is that an insider was buying at near the current price. Christopher Beer was the only individual insider to buy shares in the last twelve months.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Does ATEX Resources Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 13% of ATEX Resources shares, worth about CA$55m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At ATEX Resources Tell Us?
The fact that there have been no ATEX Resources insider transactions recently certainly doesn't bother us. On a brighter note, the transactions over the last year are encouraging. Insiders own shares in ATEX Resources and we see no evidence to suggest they are worried about the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing ATEX Resources. To that end, you should learn about the 4 warning signs we've spotted with ATEX Resources (including 3 which are concerning).