Bullish Orpheus Uranium Insiders Loaded Up On AU$1.08m Of Stock

Multiple insiders secured a larger position in Orpheus Uranium Limited (ASX:ORP) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.

While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.

View our latest analysis for Orpheus Uranium

Orpheus Uranium Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by insider Paul Pheby for AU$980k worth of shares, at about AU$0.05 per share. That means that even when the share price was higher than AU$0.045 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

Orpheus Uranium insiders may have bought shares in the last year, but they didn't sell any. 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!

Orpheus Uranium 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 Orpheus Uranium Boast High Insider Ownership?

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. It appears that Orpheus Uranium insiders own 24% of the company, worth about AU$2.1m. 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 Orpheus Uranium Insiders?

It doesn't really mean much that no insider has traded Orpheus Uranium shares in the last quarter. However, our analysis of transactions over the last year is heartening. Insiders do have a stake in Orpheus Uranium and their transactions don't cause us concern. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Orpheus Uranium. At Simply Wall St, we found 5 warning signs for Orpheus Uranium that deserve your attention before buying any shares.

But note: Orpheus Uranium may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.