This Insider Has Just Sold Shares In Perpetua Resources

We'd be surprised if Perpetua Resources Corp. (TSE:PPTA) shareholders haven't noticed that the CFO & Director, Jessica Largent, recently sold CA$154k worth of stock at CA$13.12 per share. However, the silver lining is that the sale only reduced their total holding by 8.8%, so we're hesitant to read anything much into it, on its own.

See our latest analysis for Perpetua Resources

The Last 12 Months Of Insider Transactions At Perpetua Resources

In fact, the recent sale by Jessica Largent was the biggest sale of Perpetua Resources shares made by an insider individual in the last twelve months, according to our records. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (CA$11.83). So it is hard to draw any strong conclusion from it.

In the last year Perpetua Resources insiders didn't buy any company stock. You can see the insider transactions (by companies and 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!

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Insider Ownership Of Perpetua Resources

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. From looking at our data, insiders own CA$4.4m worth of Perpetua Resources stock, about 0.5% of the company. We prefer to see high levels of insider ownership.

So What Do The Perpetua Resources Insider Transactions Indicate?

Insiders sold Perpetua Resources shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. When you consider that most companies have higher levels of insider ownership, we're a little wary. So we'd only buy after very careful consideration. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Be aware that Perpetua Resources is showing 5 warning signs in our investment analysis, and 2 of those shouldn't be ignored...

Of course Perpetua Resources 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.