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Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of Ecora Resources PLC (LON:ECOR), that sends out a positive message to the company's shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
Our free stock report includes 1 warning sign investors should be aware of before investing in Ecora Resources. Read for free now.
The Last 12 Months Of Insider Transactions At Ecora Resources
In the last twelve months, the biggest single purchase by an insider was when CEO & Executive Director Marc Lafleche bought UK£63k worth of shares at a price of UK£0.63 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being UK£0.53). It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
While Ecora Resources insiders bought shares during the last year, they didn't sell. 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 Ecora Resources
Ecora Resources 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.
Ecora Resources Insiders Bought Stock Recently
Over the last three months, we've seen significant insider buying at Ecora Resources. In total, insiders bought UK£104k worth of shares in that time, and we didn't record any sales whatsoever. This makes one think the business has some good points.
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. Based on our data, Ecora Resources insiders have about 0.7% of the stock, worth approximately UK£926k. However, it's possible that insiders might have an indirect interest through a more complex structure. I generally like to see higher levels of ownership.