Investors may wish to note that the Director of Imperial Metals Corporation, Edward Yurkowski, recently netted CA$114k from selling stock, receiving an average price of CA$2.10. That might not be a huge sum but it was 100.0% of their personal holding, so we find it a little discouraging.
Imperial Metals Insider Transactions Over The Last Year
insider Norman Edwards made the biggest insider purchase in the last 12 months. That single transaction was for CA$3.8m worth of shares at a price of CA$1.53 each. We do like to see buying, but this purchase was made at well below the current price of CA$1.99. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Happily, we note that in the last year insiders paid CA$6.7m for 4717801 shares. But insiders sold 98454 shares worth CA$229k. In the last twelve months there was more buying than selling by Imperial Metals insiders. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Imperial Metals is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Imperial Metals Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Imperial Metals insiders own 44% of the company, currently worth about CA$111m based on the recent share price. 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 Imperial Metals Insiders?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest Imperial Metals insiders are well aligned, and quite possibly think the share price is too low. Looks promising! Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Imperial Metals.
Of course Imperial Metals 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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If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. 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. Simply Wall St has no position in the stocks mentioned. Thank you for reading.