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Insiders were net buyers of Getty Copper Inc.'s (CVE:GTC ) stock during the past year. That is, insiders bought more stock than they sold.
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.
See our latest analysis for Getty Copper
The Last 12 Months Of Insider Transactions At Getty Copper
In the last twelve months, the biggest single purchase by an insider was when Chairman Emeritus John Lepinski bought CA$100k worth of shares at a price of CA$0.05 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$0.04). 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. 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 bought a total of 2.81m shares over the year at an average price of CA$0.05. 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!
Getty Copper 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
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$2.9m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About Getty Copper Insiders?
It doesn't really mean much that no insider has traded Getty Copper shares in the last quarter. However, our analysis of transactions over the last year is heartening. Judging from their transactions, and high insider ownership, Getty Copper insiders feel good about the company's future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Getty Copper. To help with this, we've discovered 5 warning signs (4 are concerning!) that you ought to be aware of before buying any shares in Getty Copper.