Director of Murray Cod Australia Brett Paton Buys 681% More Shares

Potential Murray Cod Australia Limited (ASX:MCA) shareholders may wish to note that the Director, Brett Paton, recently bought AU$173k worth of stock, paying AU$0.007 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 681%, potentially signalling some real optimism.

View our latest analysis for Murray Cod Australia

Murray Cod Australia Insider Transactions Over The Last Year

Notably, that recent purchase by Brett Paton is the biggest insider purchase of Murray Cod Australia shares that we've seen in the last year. We do like to see buying, but this purchase was made at well below the current price of AU$0.095. 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.

Murray Cod Australia insiders may have bought shares in the last year, but they didn't sell any. They paid about AU$0.012 on average. It is certainly positive to see that insiders have invested their own money in the company. However, we do note that they were buying at significantly lower prices than today's share price. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Murray Cod Australia is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insider Ownership Of Murray Cod Australia

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Murray Cod Australia insiders own about AU$24m worth of shares. That equates to 27% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Murray Cod Australia Insider Transactions Indicate?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of Murray Cod Australia we think they are probably pretty confident of a bright future. 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. At Simply Wall St, we've found that Murray Cod Australia has 3 warning signs (1 doesn't sit too well with us!) that deserve your attention before going any further with your analysis.

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 of direct interests only, but not derivative transactions or indirect interests.

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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.