Vanadiumcorp Resource Insiders Added CA$727k Of Stock To Their Holdings \
Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Vanadiumcorp Resource Inc. (CVE:VRB), it sends a favourable message to the company's shareholders.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
View our latest analysis for Vanadiumcorp Resource
The Last 12 Months Of Insider Transactions At Vanadiumcorp Resource
In the last twelve months, the biggest single purchase by an insider was when Interim CEO & Director Paul McGuigan bought CA$349k worth of shares at a price of CA$0.10 per share. That means that an insider was happy to buy shares at above the current price of CA$0.095. 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 always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Vanadiumcorp Resource insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and 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!
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.
Insiders At Vanadiumcorp Resource Have Bought Stock Recently
Over the last three months, we've seen significant insider buying at Vanadiumcorp Resource. Not only was there no selling that we can see, but they collectively bought CA$118k worth of shares. That shows some optimism about the company's future.
Does Vanadiumcorp Resource Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 22% of Vanadiumcorp Resource shares, worth about CA$1.4m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Vanadiumcorp Resource Tell Us?
It is good to see recent purchasing. 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. When combined with notable insider ownership, these factors suggest Vanadiumcorp Resource insiders are well aligned, and that they may think the share price is too low. 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. To help with this, we've discovered 5 warning signs (4 are significant!) that you ought to be aware of before buying any shares in Vanadiumcorp Resource.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.
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