When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Koryx Copper Inc.'s (CVE:KRY) 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 Koryx Copper

The Last 12 Months Of Insider Transactions At Koryx Copper

In the last twelve months, the biggest single purchase by an insider was when Independent Director Charles Loots bought CA$159k worth of shares at a price of CA$0.83 per share. Even though the purchase was made at a significantly lower price than the recent price (CA$1.05), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

While Koryx Copper insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Koryx 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.

Koryx Copper Insiders Bought Stock Recently

Over the last three months, we've seen significant insider buying at Koryx Copper. Specifically, Independent Director Charles Loots bought CA$218k worth of shares in that time, and we didn't record any sales whatsoever. This makes one think the business has some good points.

Insider Ownership Of Koryx Copper

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From what we can see in our data, insiders own only about CA$649k worth of Koryx Copper shares. This level of insider ownership is notably low, and not very encouraging.

So What Does This Data Suggest About Koryx Copper Insiders?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Koryx Copper insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Koryx Copper. Our analysis shows 5 warning signs for Koryx Copper (3 are concerning!) and we strongly recommend you look at them before investing.