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When one insider buys stock, it usually isn’t a big trade. However, if multiple insiders purchase shares as follows: AIC MINDS LIMITED. (ASX:A1M), this is good news for shareholders.
While we don’t think shareholders should simply follow insider transactions, we think it would be foolish to ignore them completely.
Check out our latest analysis for AIC Mines.
Insider Trading at AIC Mines in the Past 12 Months
We can see that the biggest insider purchase over the last year was by MD, CEO & Director Aaron Colleran for AU$250k worth of shares (about AU$0.45 per share). This means that the insider wanted to buy the stock even if the share price was higher than AU$0.28 (the recent price). It’s entirely possible that they regret their purchase, but it’s more likely that they’re bullish on the company. We always pay attention to the prices insiders pay when buying stocks. Generally speaking, if insiders purchased shares at a higher price than the current price, they have more positive feelings about the stock. This is because it suggests that insiders thought the stock had value, even at a high price.
We can see that insiders bought 1.2m shares worth AU$451k in the last year. Meanwhile, they sold 442,860 shares for AU$156,000. In total, AIC Mines insiders bought more than they sold over the last year. The average purchase price was approximately AU$0.38. This is good to see, as it suggests insiders may think there is value around the current price. You can see a visual representation of the insider transactions (by companies and individuals) over the last 12 months, below. You can click on the graph below to see the exact details of each insider transaction.
There are always plenty of stocks that insiders are buying. Check out each stock one by one or take a look at this if that suits your style. free List of companies. (Hint: Insiders are buying them).
AIC Mining Insiders Recently Bought Stock
AIC Mines has seen some insider buying over the past three months. Non-executive director Jonathan Young put A$58,000 into the shares at the time. We like it when there are no sellers, only buyers. However, the amount invested in the last three months is not enough to warrant much weight as a single factor.
Insider ownership
Another way to test the alignment between a company’s leaders and other shareholders is to look at the number of shares they own. Typically, the higher the insider ownership, the more likely it is that insiders are incentivized to build the company for the long term. Looking at our data, we see that insiders own AU$4.2m worth of shares in His AIC Mines, representing about 3.3% of the company. However, it’s possible that insiders have an interest indirectly through more complex structures. We think this insider ownership is quite low.
So what does this data suggest about AIC mining insiders?
Recent insider buying is a good thing. Also, the long history of insider trading gives us confidence. However, on the other hand, the company made a loss last year, making it a little more cautious. While the overall level of insider ownership is below what we would expect, the trading history suggests that AIC Mines insiders are reasonably aligned and optimistic about the future. Suggests. So while it’s useful to know what insiders are doing in terms of buying and selling, it’s also useful to know the risks facing a particular company. While doing our analysis, we found that AIC Mines does the following: two warning signs It is unwise to ignore these.
of course, You may find a great investment if you look elsewhere. So take a look at this free List of interesting companies.
For the purposes of this article, insiders are individuals who report their transactions to the relevant regulatory body. The Company currently only accounts for open market transactions and private dispositions of direct profits, and does not account for derivative transactions or indirect profits.
Have feedback on this article? Curious about its content? contact Please contact us directly. Alternatively, email our editorial team at Simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodologies, and the articles are not intended as financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
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