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From what we can see, insiders were net buyers in iMetal Resources Inc.'s (CVE:IMR ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
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.
Check out our latest analysis for iMetal Resources
iMetal Resources Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by CEO, President & Executive Director Satvir Dhillon for CA$100k worth of shares, at about CA$0.15 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$0.21. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
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!
iMetal Resources is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Does iMetal Resources Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From our data, it seems that iMetal Resources insiders own 7.8% of the company, worth about CA$173k. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The iMetal Resources Insider Transactions Indicate?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on iMetal Resources stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing iMetal Resources. In terms of investment risks, we've identified 6 warning signs with iMetal Resources and understanding them should be part of your investment process.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.