Trade Alert: The Executive Chairman & Acting CEO Of Aurelia Metals Limited (ASX:AMI), Colin Johnstone, Has Just Spent AU$119k Buying Shares
Even if it's not a huge purchase, we think it was good to see that Colin Johnstone, the Executive Chairman & Acting CEO of Aurelia Metals Limited (ASX:AMI) recently shelled out AU$119k to buy stock, at AU$0.48 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 25%.
See our latest analysis for Aurelia Metals
Aurelia Metals Insider Transactions Over The Last Year
Notably, that recent purchase by Colin Johnstone is the biggest insider purchase of Aurelia Metals shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is AU$0.51. Of course they may have changed their mind. But this suggests they are optimistic. 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.
Aurelia Metals insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Aurelia Metals 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 Aurelia Metals
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. From looking at our data, insiders own AU$2.4m worth of Aurelia Metals stock, about 0.6% of the company. We prefer to see high levels of insider ownership.
What Might The Insider Transactions At Aurelia Metals Tell Us?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Aurelia Metals insiders are reasonably well aligned, and optimistic for the future. 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.
Of course Aurelia 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.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
