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Viewing insider transactions for Cyprium Metals Limited's (ASX:CYM ) 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.
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.
View our latest analysis for Cyprium Metals
The Last 12 Months Of Insider Transactions At Cyprium Metals
Over the last year, we can see that the biggest insider purchase was by insider Adrian Martin for AU$150k worth of shares, at about AU$0.031 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being AU$0.031). Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. The only individual insider to buy over the last year was Adrian Martin.
Adrian Martin bought a total of 8.07m shares over the year at an average price of AU$0.03. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
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).
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. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that Cyprium Metals insiders own 11% of the company, worth about AU$5.0m. However, it's possible that insiders might have an indirect interest through a more complex structure. Whilst better than nothing, we're not overly impressed by these holdings.
What Might The Insider Transactions At Cyprium Metals Tell Us?
The fact that there have been no Cyprium Metals insider transactions recently certainly doesn't bother us. On a brighter note, the transactions over the last year are encouraging. We'd like to see bigger individual holdings. However, we don't see anything to make us think Cyprium Metals insiders are doubting the company. 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. Case in point: We've spotted 5 warning signs for Cyprium Metals you should be aware of, and 3 of these are potentially serious.