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The recent price decline of 11% in True North Copper Limited's (ASX:TNC) stock may have disappointed insiders who bought AU$143.5k worth of shares at an average price of AU$0.69 in the past 12 months. This is not good as insiders invest based on expectations that their money will appreciate over time. However, as a result of recent losses, their original investment is now worth only AU$85.2k.
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.
Check out our latest analysis for True North Copper
True North Copper Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when MD & Director Bevan Jones bought AU$100k worth of shares at a price of AU$0.50 per share. That means that even when the share price was higher than AU$0.41 (the recent price), an insider wanted to purchase shares. 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.
True North Copper insiders may have bought shares in the last year, but they didn't sell any. The average buy price was around AU$0.69. These transactions suggest that insiders have considered the current price attractive. 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!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insiders At True North Copper Have Bought Stock Recently
Over the last quarter, True North Copper insiders have spent a meaningful amount on shares. Specifically, MD & Director Bevan Jones bought AU$100k worth of shares in that time, and we didn't record any sales whatsoever. That shows some optimism about the company's future.
Insider Ownership Of True North Copper
Many investors like to check how much of a company is owned by 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. Based on our data, True North Copper insiders have about 2.7% of the stock, worth approximately AU$1.3m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We prefer to see high levels of insider ownership.