Yahoo Finance Insider Buying: The Advance ZincTek Limited (ASX:ANO) MD, Company Secretary & Executive Director Just Bought 93% More Shares
Potential Advance ZincTek Limited (ASX:ANO) shareholders may wish to note that the MD, Company Secretary & Executive Director, Geoffrey Acton, recently bought AU$700k worth of stock, paying AU$2.26 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 93%, potentially signalling some real optimism.
See our latest analysis for Advance ZincTek
The Last 12 Months Of Insider Transactions At Advance ZincTek
Notably, that recent purchase by Geoffrey Acton is the biggest insider purchase of Advance ZincTek shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being AU$2.20). It's very possible they regret the purchase, but it's more likely they are bullish about the company. 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 insiders purchased 882.09k shares for AU$2.2m. But they sold 326.50k shares for AU$800k. In the last twelve months there was more buying than selling by Advance ZincTek insiders. The average buy price was around AU$2.53. These transactions suggest that insiders have considered the current price attractive. 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!
Advance ZincTek is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Advance ZincTek Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It's great to see that Advance ZincTek insiders own 61% of the company, worth about AU$82m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About Advance ZincTek Insiders?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Advance ZincTek. Looks promising! 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. For instance, we've identified 3 warning signs for Advance ZincTek (1 is significant) you should be aware of.
Of course Advance ZincTek 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.
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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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