This Insider Has Just Sold Shares In K92 Mining

We'd be surprised if K92 Mining Inc. (TSE:KNT) shareholders haven't noticed that the Independent Director, Mark Eaton, recently sold CA$274k worth of stock at CA$9.12 per share. That sale was 19% of their holding, so it does make us raise an eyebrow.

Check out our latest analysis for K92 Mining

K92 Mining Insider Transactions Over The Last Year

The CEO & Director, John Lewins, made the biggest insider sale in the last 12 months. That single transaction was for CA$3.0m worth of shares at a price of CA$7.40 each. That means that an insider was selling shares at slightly below the current price (CA$9.12). 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. We note that the biggest single sale was only 10% of John Lewins's holding.

Insiders in K92 Mining didn't buy any shares in 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!

I will like K92 Mining 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.

Does K92 Mining Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. K92 Mining insiders own about CA$39m worth of shares. That equates to 1.8% 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 Does This Data Suggest About K92 Mining Insiders?

An insider hasn't bought K92 Mining stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. On the plus side, K92 Mining makes money, and is growing profits. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing K92 Mining. You'd be interested to know, that we found 1 warning sign for K92 Mining and we suggest you have a look.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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.