Insider Buying: The Osino Resources Corp. (CVE:OSI) Just Bought CA$100k Worth Of Shares
Whilst it may not be a huge deal, we thought it was good to see that Ross Beaty, who is a company insider, recently bought CA$100k worth of stock, for CA$0.78 per share. However, we do note that it only increased their holding by 1.0%, and it wasn't a huge purchase by absolute value, either.
View our latest analysis for Osino Resources
The Last 12 Months Of Insider Transactions At Osino Resources
Notably, that recent purchase by insider Ross Beaty was not the only time they bought Osino Resources shares this year. They previously made an even bigger purchase of CA$400k worth of shares at a price of CA$0.35 per share. We do like to see buying, but this purchase was made at well below the current price of CA$0.82. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Over the last year, we can see that insiders have bought 2.05m shares worth CA$773k. On the other hand they divested 80000 shares, for CA$48k. In total, Osino Resources insiders bought more than they sold over the last year. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership of Osino Resources
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. It appears that Osino Resources insiders own 20% of the company, worth about CA$13m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Osino Resources Insiders?
The recent insider purchase is heartening. 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. Insiders likely see value in Osino Resources shares, given these transactions (along with notable insider ownership of the company). I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.
Of course Osino Resources may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
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.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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