Pierre Lassonde Is The of Orla Mining Ltd. (TSE:OLA) And They Just Spent CA$2.1m On Shares

Those following along with Orla Mining Ltd. (TSE:OLA) will no doubt be intrigued by the recent purchase of shares by insider Pierre Lassonde, who spent a stonking CA$2.1m on stock at an average price of CA$1.66. While that only increased their holding size by 5.8%, it is still a big swing by our standards.

See our latest analysis for Orla Mining

The Last 12 Months Of Insider Transactions At Orla Mining

Notably, that recent purchase by insider Pierre Lassonde was not the only time they traded Orla Mining shares this year. Earlier in the year, they sold shares at a price ofCA$1.64 per share in a -CA$4.9m transaction. That means that an insider was selling shares at slightly below the current price (CA$1.95). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. 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 14%of Pierre Lassonde's holding.

Over the last year, we can see that insiders have bought 1.35m shares worth CA$2.2m. But insiders sold 3000000 shares worth CA$4.9m. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

I will like Orla Mining better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership of Orla Mining

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 18% of Orla Mining shares, worth about CA$64m. 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 Orla Mining Insider Transactions Indicate?

The stark truth for Orla Mining is that there has been more insider selling than insider buying in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

Of course Orla 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, but not derivative transactions.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

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