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Potential Getty Copper Inc. (CVE:GTC) shareholders may wish to note that the Chairman Emeritus, John Lepinski, recently bought CA$250k worth of stock, paying CA$0.05 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 10%.
View our latest analysis for Getty Copper
Getty Copper Insider Transactions Over The Last Year
Notably, that recent purchase by John Lepinski is the biggest insider purchase of Getty Copper shares that we've seen in the last year. That means that an insider was happy to buy shares at above the current price of CA$0.03. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. John Lepinski was the only individual insider to buy during the last year.
John Lepinski purchased 5.81m shares over the year. The average price per share was CA$0.05. 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 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).
Does Getty Copper 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. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Getty Copper insiders own 52% of the company, worth about CA$2.2m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Getty Copper Tell Us?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Getty Copper. Nice! 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. At Simply Wall St, we found 4 warning signs for Getty Copper that deserve your attention before buying any shares.