Yahoo Finance Chalice Mining Insiders Added AU$34.6m Of Stock To Their Holdings
Multiple insiders secured a larger position in Chalice Mining Limited (ASX:CHN) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
See our latest analysis for Chalice Mining
Chalice Mining Insider Transactions Over The Last Year
The insider Timothy Rupert Goyder made the biggest insider purchase in the last 12 months. That single transaction was for AU$32m worth of shares at a price of AU$3.14 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being AU$1.03). Their view may have changed since then, but at least it shows they felt optimistic at the time. 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. We note that Timothy Rupert Goyder was both the biggest buyer and the biggest seller.
Happily, we note that in the last year insiders paid AU$35m for 11.11m shares. But insiders sold 3.68m shares worth AU$18m. In total, Chalice Mining insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Chalice Mining is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of Chalice Mining
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 14% of Chalice Mining shares, worth about AU$61m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The Chalice Mining Insider Transactions Indicate?
The fact that there have been no Chalice Mining insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. Insiders own shares in Chalice Mining and we see no evidence to suggest they are worried about the future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Chalice Mining has 3 warning signs (1 is a bit concerning!) that deserve your attention before going any further with your analysis.
But note: Chalice Mining may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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 of direct interests only, but not derivative transactions or indirect interests.
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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.
