Independent Non-Executive Director of Battery Age Minerals Picks Up 36% More Stock

Whilst it may not be a huge deal, we thought it was good to see that the Battery Age Minerals Ltd (ASX:BM8) Independent Non-Executive Director, David Pevcic, recently bought AU$125k worth of stock, for AU$0.10 per share. That purchase might not be huge but it did increase their holding by 36%.

View our latest analysis for Battery Age Minerals

Battery Age Minerals Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by insider Sufian Ahmad for AU$440k worth of shares, at about AU$0.43 per share. That means that even when the share price was higher than AU$0.11 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

Battery Age Minerals insiders may have bought shares in the last year, but they didn't sell any. They paid about AU$0.15 on average. This is nice to see since it implies that insiders might see value around current prices. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

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

Does Battery Age Minerals Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 32% of Battery Age Minerals shares, worth about AU$3.3m. 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 Does This Data Suggest About Battery Age Minerals Insiders?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Insiders likely see value in Battery Age Minerals shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Battery Age Minerals. Be aware that Battery Age Minerals is showing 3 warning signs in our investment analysis, and 2 of those are significant...

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.