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When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Marimaca Copper Corp.'s (TSE:MARI) instance, it's good news for shareholders.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
See our latest analysis for Marimaca Copper
The Last 12 Months Of Insider Transactions At Marimaca Copper
In the last twelve months, the biggest single purchase by an insider was when Non-Executive Chairman Michael Haworth bought CA$88k worth of shares at a price of CA$3.88 per share. That implies that an insider found the current price of CA$3.97 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Marimaca Copper insiders decided to buy shares at close to current prices.
Marimaca Copper insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Marimaca Copper 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.
Insiders At Marimaca Copper Have Bought Stock Recently
It's good to see that Marimaca Copper insiders have made notable investments in the company's shares. Specifically, Non-Executive Chairman Michael Haworth bought CA$143k worth of shares in that time, and we didn't record any sales whatsoever. This is a positive in our book as it implies some confidence.
Does Marimaca Copper 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. I reckon it's a good sign if insiders own a significant number of shares in the company. Based on our data, Marimaca Copper insiders have about 0.8% of the stock, worth approximately CA$3.2m. However, it's possible that insiders might have an indirect interest through a more complex structure. We prefer to see high levels of insider ownership.