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Investors who take an interest in Atalaya Mining Copper, S.A. (LON:ATYM) should definitely note that the Non-Independent Non-Executive Director, Jesus Lopez, recently paid UK£3.08 per share to buy UK£99k worth of the stock. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
Atalaya Mining Copper Insider Transactions Over The Last Year
Notably, that recent purchase by Non-Independent Non-Executive Director Jesus Lopez was not the only time they bought Atalaya Mining Copper shares this year. They previously made an even bigger purchase of UK£370k worth of shares at a price of UK£4.00 per share. That means that an insider was happy to buy shares at above the current price of UK£3.25. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for 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.
In the last twelve months Atalaya Mining Copper insiders were buying shares, but not selling. 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!
See our latest analysis for Atalaya Mining Copper
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.
Insider Ownership
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data suggests Atalaya Mining Copper insiders own 0.8% of the company, worth about UK£3.7m. But they may have an indirect interest through a corporate structure that we haven't picked up on. We prefer to see high levels of insider ownership.
So What Do The Atalaya Mining Copper Insider Transactions Indicate?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Atalaya Mining Copper insiders are reasonably well aligned, and optimistic for the future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Atalaya Mining Copper .