Stock Analysis

Nickel Creek Platinum Corp. (TSE:NCP) drops to CA$20m and insiders who purchased earlier this year lose another CA$29k

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Insiders who acquired CA$65k worth of Nickel Creek Platinum Corp.'s (TSE:NCP) stock at an average price of CA$0.081 in the past 12 months may be dismayed by the recent 10.0% price decline. Insiders invest with the hopes of seeing their money grow in value over time. However, as a result of recent losses, their initial investment is now only worth CA$36k, which is not what they expected.

Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Nickel Creek Platinum

The Last 12 Months Of Insider Transactions At Nickel Creek Platinum

While no particular insider transaction stood out, we can still look at the overall trading.

While Nickel Creek Platinum insiders bought shares during the last year, they didn't sell. 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!

TSX:NCP Insider Trading Volume March 17th 2023

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).

Does Nickel Creek Platinum Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Based on our data, Nickel Creek Platinum insiders have about 2.7% of the stock, worth approximately CA$524k. We prefer to see high levels of insider ownership.

So What Does This Data Suggest About Nickel Creek Platinum Insiders?

The fact that there have been no Nickel Creek Platinum insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. The transactions are fine but it'd be more encouraging if Nickel Creek Platinum insiders bought more shares in the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 5 warning signs for Nickel Creek Platinum you should be aware of, and 2 of them can't be ignored.

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, but not derivative transactions.

Valuation is complex, but we're helping make it simple.

Find out whether Nickel Creek Platinum is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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