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From what we can see, insiders were net buyers in Mount Burgess Mining N.L.'s (ASX:MTB ) 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, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for Mount Burgess Mining
Mount Burgess Mining Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when insider Peter Proksa bought AU$184k worth of shares at a price of AU$0.0041 per share. That means that an insider was happy to buy shares at above the current price of AU$0.0015. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Peter Proksa was the only individual insider to buy shares in the last twelve months.
Peter Proksa purchased 66.00m shares over the year. The average price per share was AU$0.0036. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Mount Burgess Mining Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Mount Burgess Mining insiders own about AU$625k worth of shares. That equates to 32% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Mount Burgess Mining Insiders?
It doesn't really mean much that no insider has traded Mount Burgess Mining shares in the last quarter. However, our analysis of transactions over the last year is heartening. Insiders own shares in Mount Burgess Mining and we see no evidence to suggest they are worried about the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Mount Burgess Mining. To that end, you should learn about the 6 warning signs we've spotted with Mount Burgess Mining (including 5 which are significant).