Yahoo Finance The CEO & Director of Regulus Resources Inc. (CVE:REG), John Black, Just Bought 2.4% More Shares
Even if it's not a huge purchase, we think it was good to see that John Black, the CEO & Director of Regulus Resources Inc. (CVE:REG) recently shelled out CA$54k to buy stock, at CA$0.73 per share. Although the purchase is not a big one, increasing their shareholding by only 2.4%, it can be interpreted as a good sign.
Check out our latest analysis for Regulus Resources
The Last 12 Months Of Insider Transactions At Regulus Resources
In the last twelve months, the biggest single purchase by an insider was when CFO & Director Mark Wayne bought CA$265k worth of shares at a price of CA$1.06 per share. That means that even when the share price was higher than CA$0.78 (the recent price), an insider wanted to purchase shares. 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. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
In the last twelve months Regulus Resources insiders were buying shares, but not selling. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Regulus 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
For a common shareholder, it is worth checking how many shares are held by company 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. Our data indicates that Regulus Resources insiders own about CA$10.0m worth of shares (which is 13% of the company). We do generally prefer see higher levels of insider ownership.
So What Does This Data Suggest About Regulus Resources Insiders?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Regulus Resources insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Regulus Resources. Case in point: We've spotted 4 warning signs for Regulus Resources you should be aware of, and 1 of them is concerning.
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.
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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. Thank you for reading.
