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The Non-Executive Director of NTM Gold Limited (ASX:NTM), Michael Ruane, Just Bought 12% More Shares

Simply Wall St
·3 mins read

Potential NTM Gold Limited (ASX:NTM) shareholders may wish to note that the Non-Executive Director, Michael Ruane, recently bought AU$187k worth of stock, paying AU$0.091 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 12%.

See our latest analysis for NTM Gold

NTM Gold Insider Transactions Over The Last Year

Notably, that recent purchase by Non-Executive Director Michael Ruane was not the only time they bought NTM Gold shares this year. They previously made an even bigger purchase of AU$407k worth of shares at a price of AU$0.058 per share. Even though the purchase was made at a significantly lower price than the recent price (AU$0.092), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Over the last year, we can see that insiders have bought 17.26m shares worth AU$1.1m. But they sold 7.47m shares for AU$457k. In total, NTM Gold insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and 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!

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

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that NTM Gold insiders own 12% of the company, worth about AU$7.8m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

What Might The Insider Transactions At NTM Gold Tell Us?

It is good to see the recent insider purchase. 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. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on NTM Gold stock. 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. Be aware that NTM Gold is showing 3 warning signs in our investment analysis, and 1 of those doesn't sit too well with us...

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.

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