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It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in NOA Lithium Brines Inc.'s (CVE:NOAL) case, it's fantastic news for shareholders.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
See our latest analysis for NOA Lithium Brines
The Last 12 Months Of Insider Transactions At NOA Lithium Brines
The Founder Gabriel Rubacha made the biggest insider purchase in the last 12 months. That single transaction was for CA$358k worth of shares at a price of CA$0.17 each. Even though the purchase was made at a significantly lower price than the recent price (CA$0.34), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
NOA Lithium Brines insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
NOA Lithium Brines 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 NOA Lithium Brines
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 14% of NOA Lithium Brines shares, worth about CA$11m, according to our data. But they may have an indirect interest through a corporate structure that we haven't picked up on. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
What Might The Insider Transactions At NOA Lithium Brines Tell Us?
The fact that there have been no NOA Lithium Brines insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening. Overall we don't see anything to make us think NOA Lithium Brines insiders are doubting the company, and they do own shares. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Be aware that NOA Lithium Brines is showing 3 warning signs in our investment analysis, and 2 of those can't be ignored...