Trade Alert: The Director Of Maverix Metals Inc. (TSE:MMX), A. Doyle, Has Sold Some Shares Recently

Anyone interested in Maverix Metals Inc. (TSE:MMX) should probably be aware that the Director, A. Doyle, recently divested CA$209k worth of shares in the company, at an average price of CA$7.09 each. In particular, we note that the sale equated to a 98% reduction in their position size, which doesn't exactly instill confidence.

View our latest analysis for Maverix Metals

The Last 12 Months Of Insider Transactions At Maverix Metals

In fact, the recent sale by A. Doyle was the biggest sale of Maverix Metals shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of CA$6.92. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

In the last twelve months insiders purchased 175.62k shares for CA$864k. On the other hand they divested 49.35k shares, for CA$352k. In total, Maverix Metals insiders bought more than they sold over the last year. They paid about CA$4.92 on average. It is certainly positive to see that insiders have invested their own money in the company. However, we do note that they were buying at significantly lower prices than today's share price. 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!

Maverix Metals is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Maverix Metals 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. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Maverix Metals insiders own 9.5% of the company, worth about CA$92m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Maverix Metals Insiders?

The insider sales have outweighed the insider buying, at Maverix Metals, in the last three months. But we take heart from prior transactions. And insiders do own shares. So we're not overly bothered by recent selling. 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. You'd be interested to know, that we found 3 warning signs for Maverix Metals and we suggest you have a look.

Of course Maverix 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, but not derivative transactions.

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