U.S. markets close in 5 hours 48 minutes
  • S&P 500

    3,458.10
    +31.18 (+0.91%)
     
  • Dow 30

    28,424.06
    +228.64 (+0.81%)
     
  • Nasdaq

    11,587.18
    +108.29 (+0.94%)
     
  • Russell 2000

    1,630.90
    +17.27 (+1.07%)
     
  • Crude Oil

    40.46
    -0.37 (-0.91%)
     
  • Gold

    1,900.90
    -10.80 (-0.56%)
     
  • Silver

    24.67
    -0.03 (-0.11%)
     
  • EUR/USD

    1.1830
    +0.0057 (+0.49%)
     
  • 10-Yr Bond

    0.7960
    +0.0350 (+4.60%)
     
  • GBP/USD

    1.2968
    +0.0028 (+0.21%)
     
  • USD/JPY

    105.6000
    +0.1700 (+0.16%)
     
  • BTC-USD

    11,885.40
    +828.39 (+7.49%)
     
  • CMC Crypto 200

    239.80
    +0.88 (+0.37%)
     
  • FTSE 100

    5,907.63
    +22.98 (+0.39%)
     
  • Nikkei 225

    23,567.04
    -104.09 (-0.44%)
     

Jose Vizquerra-Benavides Is The President of O3 Mining Inc. (CVE:OIII) And They Just Picked Up 1.4% More Shares

Simply Wall St
·3 mins read

Potential O3 Mining Inc. (CVE:OIII) shareholders may wish to note that the President, Jose Vizquerra-Benavides, recently bought CA$150k worth of stock, paying CA$2.89 for each share. Although the purchase only increased their holding by 1.4%, it is still a solid purchase in our view.

View our latest analysis for O3 Mining

The Last 12 Months Of Insider Transactions At O3 Mining

In fact, the recent purchase by President Jose Vizquerra-Benavides was not their only acquisition of O3 Mining shares this year. They previously made an even bigger purchase of CA$3.0m worth of shares at a price of CA$2.35 per share. So it's clear an insider wanted to buy, at around the current price, which is CA$2.84. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.

Over the last year, we can see that insiders have bought 2.48m shares worth CA$5.8m. On the other hand they divested 135.00k shares, for CA$241k. Overall, O3 Mining insiders were net buyers during the last year. 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!

insider-trading-volume
insider-trading-volume

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 O3 Mining

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 6.8% of O3 Mining shares, worth about CA$12m, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Do The O3 Mining Insider Transactions Indicate?

The recent insider purchases are heartening. 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. Given that insiders also own a fair bit of O3 Mining we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. In terms of investment risks, we've identified 1 warning sign with O3 Mining and understanding it should be part of your investment process.

But note: O3 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.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.