Abcourt Mines Inc. (CVE:ABI) insiders who purchased shares in the last 12 months were richly rewarded last week. The stock climbed by 11% resulting in a CA$5.0m addition to the company’s market value. Put another way, the original CA$6.60m acquisition is now worth CA$7.56m.

Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.

We've discovered 6 warning signs about Abcourt Mines. View them for free.

Abcourt Mines Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when insider Noureddine Mokaddem bought CA$4.0m worth of shares at a price of CA$0.04 per share. Even though the purchase was made at a significantly lower price than the recent price (CA$0.05), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

Happily, we note that in the last year insiders paid CA$6.6m for 151.21m shares. But they sold 75.00k shares for CA$3.4k. Overall, Abcourt Mines insiders were net buyers during the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

See our latest analysis for Abcourt Mines

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insiders At Abcourt Mines Have Bought Stock Recently

Over the last quarter, Abcourt Mines insiders have spent a meaningful amount on shares. Overall, two insiders shelled out CA$1.1m for shares in the company -- and none sold. This is a positive in our book as it implies some confidence.

Does Abcourt Mines 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. Abcourt Mines insiders own about CA$14m worth of shares. That equates to 28% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Abcourt Mines Tell Us?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of Abcourt Mines we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Abcourt Mines. Our analysis shows 6 warning signs for Abcourt Mines (5 are a bit concerning!) and we strongly recommend you look at them before investing.