Have Insiders Sold K92 Mining Shares Recently?

Some K92 Mining Inc. (TSE:KNT) shareholders may be a little concerned to see that the CEO & Director, John Lewins, recently sold a substantial CA$3.8m worth of stock at a price of CA$9.86 per share. That's a big disposal, and it decreased their holding size by 11%, which is notable but not too bad.

View our latest analysis for K92 Mining

The Last 12 Months Of Insider Transactions At K92 Mining

Notably, that recent sale by John Lewins is the biggest insider sale of K92 Mining shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of CA$9.87. 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.

Insiders in K92 Mining didn't buy any shares in the last year. You can see the insider transactions (by companies and 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!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of K92 Mining

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 1.8% of K92 Mining shares, worth about CA$42m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The K92 Mining Insider Transactions Indicate?

Insiders sold K92 Mining shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. On the plus side, K92 Mining makes money, and is growing profits. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. 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 help with this, we've discovered 2 warning signs (1 shouldn't be ignored!) that you ought to be aware of before buying any shares in K92 Mining.

Of course K92 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 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.