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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 Copper Fox Metals Inc. (CVE:CUU), 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.
View our latest analysis for Copper Fox Metals
The Last 12 Months Of Insider Transactions At Copper Fox Metals
In the last twelve months, the biggest single purchase by an insider was when Independent Director Ernesto Echavarria bought CA$636k worth of shares at a price of CA$0.22 per share. We do like to see buying, but this purchase was made at well below the current price of CA$0.26. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
In the last twelve months insiders purchased 3.41m shares for CA$754k. But insiders sold 1.53m shares worth CA$731k. Overall, Copper Fox Metals insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Copper Fox Metals 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 Of Copper Fox Metals
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Copper Fox Metals insiders own 59% of the company, worth about CA$87m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The Copper Fox Metals Insider Transactions Indicate?
There haven't been any insider transactions in the last three months -- that doesn't mean much. On a brighter note, the transactions over the last year are encouraging. With high insider ownership and encouraging transactions, it seems like Copper Fox Metals insiders think the business has merit. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Copper Fox Metals. Our analysis shows 3 warning signs for Copper Fox Metals (2 are a bit concerning!) and we strongly recommend you look at these before investing.