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Navarre Minerals Limited (ASX:NML) shareholders (or potential shareholders) will be happy to see that insider Stephen Nordstrom recently bought a whopping AU$1.6m worth of stock, at a price of AU$0.14. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 42%.
Navarre Minerals Insider Transactions Over The Last Year
In fact, the recent purchase by insider Stephen Nordstrom was not their only acquisition of Navarre Minerals shares this year. Earlier in the year, they paid AU$0.11 per share in a AU$1.8m purchase. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of AU$0.18. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
In the last twelve months insiders purchased 30.70m shares for AU$3.5m. On the other hand they divested 800.00k shares, for AU$107k. Overall, Navarre Minerals insiders were net buyers during the last year. 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!
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 Navarre Minerals
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. It appears that Navarre Minerals insiders own 15% of the company, worth about AU$15m. 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 Do The Navarre Minerals Insider Transactions Indicate?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of Navarre Minerals we think they are probably pretty confident of a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of Navarre Minerals.
Of course Navarre Minerals 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.
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. 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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