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From what we can see, insiders were net buyers in Redcastle Resources Limited's (ASX:RC1 ) 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, we would consider it foolish to ignore insider transactions altogether.
View our latest analysis for Redcastle Resources
Redcastle Resources Insider Transactions Over The Last Year
Notably, that recent purchase by Ronald Miller is the biggest insider purchase of Redcastle Resources shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is AU$0.0095. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Redcastle Resources share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Ronald Miller.
Ronald Miller bought a total of 13.21m shares over the year at an average price of AU$0.0094. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
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).
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 8.5% of Redcastle Resources shares, worth about AU$603k, according to our data. However, it's possible that insiders might have an indirect interest through a more complex structure. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Does This Data Suggest About Redcastle Resources Insiders?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Redcastle Resources stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Redcastle Resources. At Simply Wall St, we found 5 warning signs for Redcastle Resources that deserve your attention before buying any shares.