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Elemental Altus Royalties Corp. (CVE:ELE) insiders who purchased shares in the last 12 months were richly rewarded last week. The stock climbed by 12% resulting in a CA$39m addition to the company’s market value. As a result, their original purchase of US$229.6k worth of stock is now worth US$323.3k.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
We've discovered 2 warning signs about Elemental Altus Royalties. View them for free.
The Last 12 Months Of Insider Transactions At Elemental Altus Royalties
The CEO & Executive Director Frederick Augustus Ronald Peter Bell made the biggest insider purchase in the last 12 months. That single transaction was for CA$73k worth of shares at a price of CA$1.01 each. Even though the purchase was made at a significantly lower price than the recent price (CA$1.49), 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.
Elemental Altus Royalties insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
View our latest analysis for Elemental Altus Royalties
Elemental Altus Royalties is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership Of Elemental Altus Royalties
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Elemental Altus Royalties insiders own 4.1% of the company, worth about CA$15m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Elemental Altus Royalties Insiders?
There haven't been any insider transactions in the last three months -- that doesn't mean much. But insiders have shown more of an appetite for the stock, over the last year. Insiders do have a stake in Elemental Altus Royalties and their transactions don't cause us concern. 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. For example, Elemental Altus Royalties has 2 warning signs (and 1 which is concerning) we think you should know about.