Ariana Resources plc (LON:AAU) shareholders (or potential shareholders) will be happy to see that the Executive Chairman & Company Secretary, Michael de Villiers, recently bought a whopping UK£398k worth of stock, at a price of UK£0.025. Not only is that a big swing, but it increased their holding size by 30%, which is definitely great to see.
The Last 12 Months Of Insider Transactions At Ariana Resources
In fact, the recent purchase by Michael de Villiers was the biggest purchase of Ariana Resources shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is UK£0.025. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Ariana Resources insiders decided to buy shares at close to current prices. Notably Michael de Villiers was also the biggest seller.
Happily, we note that in the last year insiders paid UK£598k for 25.45m shares. On the other hand they divested 22022541 shares, for UK£537k. In total, Ariana Resources insiders bought more than they sold over the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Ariana Resources 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 Ariana Resources
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that Ariana Resources insiders own 13% of the company, worth about UK£3.4m. We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At Ariana Resources Tell Us?
Insider buying and selling have balanced each other out in the last three months, so we can't deduct anything useful from these recent trades. However, our analysis of transactions over the last year is heartening. While we have no worries about the insider transactions, we'd be more comfortable if they owned more Ariana Resources stock. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
But note: Ariana Resources 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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