Anthony Leibowitz Is The Non-Executive Chairman of the Board of Greenvale Mining Limited (ASX:GRV) And They Just Picked Up 35% More Shares

Even if it's not a huge purchase, we think it was good to see that Anthony Leibowitz, the Non-Executive Chairman of the Board of Greenvale Mining Limited (ASX:GRV) recently shelled out AU$100k to buy stock, at AU$0.019 per share. That purchase might not be huge but it did increase their holding by 35%.

Check out our latest analysis for Greenvale Mining

Greenvale Mining Insider Transactions Over The Last Year

Notably, that recent purchase by Anthony Leibowitz is the biggest insider purchase of Greenvale Mining shares that we've seen in the last year. Even though the purchase was made at a significantly lower price than the recent price (AU$0.088), we still think insider buying is a positive. 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.

While Greenvale Mining insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Greenvale Mining insiders own 32% of the company, worth about AU$7.6m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Greenvale Mining Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Insiders likely see value in Greenvale Mining shares, given these transactions (along with notable insider ownership of the company). 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. Every company has risks, and we've spotted 3 warning signs for Greenvale Mining (of which 1 can't be ignored!) you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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. 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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