Lance Newman Just Bought Shares In Copper Mountain Mining Corporation (TSE:CMMC)

Whilst it may not be a huge deal, we thought it was good to see that Lance Newman, who is a company insider, recently bought CA$53k worth of stock, for CA$0.53 per share. While that isn't the hugest buy, it actually boosted their shareholding by 62%, which is good to see.

See our latest analysis for Copper Mountain Mining

Copper Mountain Mining Insider Transactions Over The Last Year

President Gilmour Clausen made the biggest insider purchase in the last 12 months. That single transaction was for CA$199k worth of shares at a price of CA$0.97 each. That means that even when the share price was higher than CA$0.46 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

Copper Mountain Mining insiders may have bought shares in the last year, but they didn't sell any. They paid about CA$0.81 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 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!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 7.1% of Copper Mountain Mining shares, worth about CA$6.4m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.

So What Does This Data Suggest About Copper Mountain Mining Insiders?

It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Copper Mountain Mining insiders are reasonably well aligned, and optimistic for the future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. While conducting our analysis, we found that Copper Mountain Mining has 3 warning signs and it would be unwise to ignore them.

Of course Copper Mountain Mining 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, but not derivative transactions.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.