- Oops!Something went wrong.Please try again later.
Even if it's not a huge purchase, we think it was good to see that Patrick Volpe, a Six Sigma Metals Limited (ASX:SI6) insider, recently shelled out AU$79k to buy stock, at AU$0.006 per share. Even though that isn't a massive buy, it did increase their holding by 60%, which is arguably a good sign.
Six Sigma Metals Insider Transactions Over The Last Year
Notably, that recent purchase by Patrick Volpe is the biggest insider purchase of Six Sigma Metals shares that we've seen in the last year. We do like to see buying, but this purchase was made at well below the current price of AU$0.008. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Six Sigma Metals insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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.
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 20% of Six Sigma Metals shares, worth about AU$1.3m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Six Sigma Metals Tell Us?
It's certainly positive to see the recent insider purchase. 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 Six Sigma Metals shares, given these transactions (along with notable insider ownership of the company). 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. Every company has risks, and we've spotted 5 warning signs for Six Sigma Metals (of which 3 are a bit concerning!) you should know about.
Of course Six Sigma Metals 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email email@example.com.