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It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in Macarthur Minerals Limited's (CVE:MMS) case, it's fantastic news for shareholders.
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.
See our latest analysis for Macarthur Minerals
Macarthur Minerals Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the insider, Mary Peden, sold CA$220k worth of shares at a price of CA$0.089 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (CA$0.06). So it is hard to draw any strong conclusion from it.
In the last twelve months insiders purchased 3.12m shares for CA$150k. On the other hand they divested 6.47m shares, for CA$542k. All up, insiders sold more shares in Macarthur Minerals than they bought, over the last year. 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!
If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.
Macarthur Minerals Insiders Bought Stock Recently
Over the last quarter, Macarthur Minerals insiders have spent a meaningful amount on shares. Overall, four insiders shelled out CA$150k for shares in the company -- and none sold. That shows some optimism about the company's future.
Insider Ownership Of Macarthur Minerals
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. Our data indicates that Macarthur Minerals insiders own about CA$906k worth of shares (which is 8.2% of the company). But they may have an indirect interest through a corporate structure that we haven't picked up on. We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At Macarthur Minerals Tell Us?
It is good to see recent purchasing. However, the longer term transactions are not so encouraging. We're not thrilled with the relatively low insider ownership and the longer term transaction history. But we like the recent purchasing. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. When we did our research, we found 5 warning signs for Macarthur Minerals (4 can't be ignored!) that we believe deserve your full attention.