VP of Legal Affairs & Corporate Secretary of Entrée Resources Susan McLeod Buys 3.5% More Shares

Even if it's not a huge purchase, we think it was good to see that Susan McLeod, the VP of Legal Affairs & Corporate Secretary of Entrée Resources Ltd. (TSE:ETG) recently shelled out CA$108k to buy stock, at CA$2.15 per share. However, it only increased their shares held by 3.5%, and it wasn't a huge purchase by absolute value, either.

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The Last 12 Months Of Insider Transactions At Entrée Resources

In the last twelve months, the biggest single sale by an insider was when the Chief Financial Officer, Duane Lo, sold CA$120k worth of shares at a price of CA$1.96 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of CA$2.00. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 4.6% of Duane Lo's stake.

All up, insiders sold more shares in Entrée Resources 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. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Check out our latest analysis for Entrée Resources

I will like Entrée Resources better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership

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. I reckon it's a good sign if insiders own a significant number of shares in the company. Entrée Resources insiders own about CA$14m worth of shares. That equates to 3.3% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Entrée Resources Insider Transactions Indicate?

Our data shows a little insider buying, but no selling, in the last three months. The net investment is not enough to encourage us much. Recent sales exacerbate our caution arising from analysis of Entrée Resources insider transactions. But it's good to see that insiders own shares in the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Entrée Resources. Case in point: We've spotted 3 warning signs for Entrée Resources you should be aware of.

Of course Entrée Resources 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.