Kelt Exploration Insiders Sold CA$793k Of Shares Suggesting Hesitancy

Quite a few Kelt Exploration Ltd. (TSE:KEL) insiders sold their shares over the past year, which may be a cause for concern. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Kelt Exploration

The Last 12 Months Of Insider Transactions At Kelt Exploration

Over the last year, we can see that the biggest insider sale was by the insider, Geraldine Greenall, for CA$547k worth of shares, at about CA$6.90 per share. So we know that an insider sold shares at around the present share price of CA$6.67. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

In total, Kelt Exploration insiders sold more than they bought over the last year. 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!

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Kelt Exploration Insiders Are Selling The Stock

The last three months saw some Kelt Exploration insider selling. CA$74k worth of shares were sold by Independent Chairman of the Board William Guinan. But CA$12k was spent on buying, too, (as we mentioned above) . While it's not great to see insider selling, the net amount sold isn't enough for us to want to read anything into it.

Insider Ownership Of Kelt Exploration

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Kelt Exploration insiders own 17% of the company, worth about CA$208m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The Kelt Exploration Insider Transactions Indicate?

The insider sales have outweighed the insider buying, at Kelt Exploration, in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. It is good to see high insider ownership, but the insider selling leaves us cautious. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Kelt Exploration.

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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