Favourable Signals For Adventus Mining: Numerous Insiders Acquired Stock \
When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Adventus Mining Corporation's (CVE:ADZN) instance, it's good news for shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
Check out our latest analysis for Adventus Mining
Adventus Mining Insider Transactions Over The Last Year
While no particular insider transaction stood out, we can still look at the overall trading.
While Adventus Mining insiders bought shares during the last year, they didn't sell. The average buy price was around CA$0.41. I'd consider this a positive as it suggests insiders see value at around the current price, which is CA$0.34. 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!
Adventus Mining is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership Of Adventus Mining
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data suggests Adventus Mining insiders own 2.6% of the company, worth about CA$1.6m. We prefer to see high levels of insider ownership.
What Might The Insider Transactions At Adventus Mining Tell Us?
The fact that there have been no Adventus Mining insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. We'd like to see bigger individual holdings. However, we don't see anything to make us think Adventus Mining insiders are doubting the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 3 warning signs for Adventus Mining you should be aware of, and 1 of these is a bit concerning.
But note: Adventus Mining may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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