President & CEO of York Harbour Metals Blair Naughty Buys 42% More Shares

Investors who take an interest in York Harbour Metals Inc. (CSE:YORK) should definitely note that the President & CEO, Blair Naughty, recently paid CA$0.05 per share to buy CA$221k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 42%.

See our latest analysis for York Harbour Metals

York Harbour Metals Insider Transactions Over The Last Year

Notably, that recent purchase by Blair Naughty is the biggest insider purchase of York Harbour Metals 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 CA$0.06. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

Blair Naughty bought 5.49m shares over the last 12 months at an average price of CA$0.051. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

York Harbour Metals is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Does York Harbour Metals Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. York Harbour Metals insiders own 44% of the company, currently worth about CA$1.8m based on the recent share price. 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 York Harbour Metals Insider Transactions Indicate?

It is good to see the recent insider purchase. 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. When combined with notable insider ownership, these factors suggest York Harbour Metals insiders are well aligned, and quite possibly think the share price is too low. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing York Harbour Metals. Every company has risks, and we've spotted 4 warning signs for York Harbour Metals you should know about.

Of course York Harbour Metals 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.