Whilst it may not be a huge deal, we thought it was good to see that the Aldebaran Resources Inc. (CVE:ALDE) Chief Geological Officer & Director, Kevin Heather, recently bought CA$132k worth of stock, for CA$0.88 per share. Although the purchase is not a big one, increasing their shareholding by only 5.8%, it can be interpreted as a good sign.
Check out our latest analysis for Aldebaran Resources
Aldebaran Resources Insider Transactions Over The Last Year
Notably, that recent purchase by Kevin Heather is the biggest insider purchase of Aldebaran Resources shares that we've seen in the last year. That means that an insider was happy to buy shares at above the current price of CA$0.85. 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. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months Aldebaran Resources 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. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Aldebaran Resources is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership Of Aldebaran Resources
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. Insiders own 5.6% of Aldebaran Resources shares, worth about CA$7.1m, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
What Might The Insider Transactions At Aldebaran Resources Tell Us?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Aldebaran Resources insiders are expecting a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 4 warning signs for Aldebaran Resources (of which 2 are a bit unpleasant!) you should know about.