potential Moneta Porcupine Mines Inc. (TSE: ME) Shareholders may wish to point out that the Independent Director, Josef Vejvoda, recently purchased shares valued at $ 16,000 and paid $ 0.35 for each share. Although the purchase is neither percentage nor absolute, it can be seen as a good sign.
Check out our latest analysis for Moneta Porcupine Mines
The last 12 months of insider trading at Moneta Porcupine Mines
In fact, according to our records, the most recent purchase by Josef Vejvoda was the largest purchase of Moneta Porcupine Mines shares by an insider in the past twelve months. So it’s clear that an insider wanted to buy, even at a price higher than the current share price (CAD 0.34). Their view may have changed since then, but at least it shows that they were optimistic at the time. From our point of view, the price an insider pays for stocks is very important. It is encouraging to see an insider paying for stocks above current price as it suggests they saw value at higher levels as well. Josef Vejvoda was the only single insider to have bought shares in the past twelve months.
The graph below shows insider transactions (by company and individual) over the past year. If you click on the chart, you will see all individual transactions including share price, individual and date!
TSX: ME Insider Trading Volume July 10, 2021
There are always plenty of stocks that insiders buy. So if that suits your style, you can check out or take a look at each stock individually free List of companies. (Note: Insiders bought them).
Inside ownership
I like to look at how many stocks insiders own in a company to help convey my opinion on how well they are connected to insiders. I think it’s a good sign when insiders own a significant number of shares in the company. Our data suggests that Moneta Porcupine Mines insiders own 3.1% of the company, which is valued at approximately $ 6.0 million. However, it is possible that insiders have an indirect interest due to a more complex structure. We consider this to be relatively low insider ownership.
What could the insider deals at Moneta Porcupine Mines tell us?
It’s good to see the latest Insider Buy. We also draw trust from the longer-term picture of insider transactions. On the other hand, the company made losses last year, which makes us a little cautious. We would certainly prefer higher insider ownership, but analysis of insider trading suggests that Moneta Porcupine Mines insiders expect a bright future. So it is helpful to know what insiders are doing in relation to buying or selling, but it is also helpful to know the risks a particular company faces. Case in point: we have discovered 2 warning signs for Moneta Porcupine Mines you should be aware.
Naturally Moneta Porcupine Mines may not be the best stock to buy. You might want to see this free Collection of high quality companies.
For the purposes of this article, insiders are persons who report their transactions to the competent supervisory authority. We currently account for open market transactions and private dispositions, but no derivative transactions.
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This article from Simply Wall St is of a general nature. It is not a recommendation to buy or sell stocks and does not take into account your goals or your financial situation. Our goal is to provide you with long-term, focused analysis based on fundamentals. Note that our analysis may not take into account the latest company announcements or quality material, which may be sensitive to the price. Simply Wall St has no position in the stocks mentioned.
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source https://thedailytradingnews.com/trade-alert-the-independent-director-of-moneta-porcupine-mines-inc-tseme-josef-vejvoda-has-just-spent-ca156k-buying-a-few-more-shares/
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