AIC Mines MD, CEO & Director Acquires 7.6% More Stock

Potential AIC Mines Limited (ASX:A1M) shareholders may wish to note that the MD, CEO & Director, Aaron Colleran, recently bought AU$300k worth of stock, paying AU$0.30 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 7.6%.

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AIC Mines Insider Transactions Over The Last Year

Notably, that recent purchase by Aaron Colleran is the biggest insider purchase of AIC Mines shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of AU$0.33. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for AIC Mines share holders is that an insider was buying at near the current price. Aaron Colleran was the only individual insider to buy during the last year.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

See our latest analysis for AIC Mines

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

Insider Ownership Of AIC Mines

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. From looking at our data, insiders own AU$5.6m worth of AIC Mines stock, about 2.1% of the company. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We prefer to see high levels of insider ownership.

So What Do The AIC Mines Insider Transactions Indicate?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that AIC Mines insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing AIC Mines. In terms of investment risks, we've identified 2 warning signs with AIC Mines and understanding these should be part of your investment process.

Of course AIC Mines 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 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.