Skeena Resources CEO, President Randall Reichert Sells 29% Of Holding

Anyone interested in Skeena Resources Limited (TSE:SKE) should probably be aware that the CEO, President, Randall Reichert, recently divested CA$432k worth of shares in the company, at an average price of CA$6.32 each. That sale was 29% of their holding, so it does make us raise an eyebrow.

Check out our latest analysis for Skeena Resources

Skeena Resources Insider Transactions Over The Last Year

In fact, the recent sale by Randall Reichert was the biggest sale of Skeena Resources shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of CA$6.36. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Skeena Resources insiders didn't buy any shares over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Does Skeena Resources Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that Skeena Resources insiders own about CA$11m worth of shares (which is 1.9% of the company). We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We do generally prefer see higher levels of insider ownership.

So What Does This Data Suggest About Skeena Resources Insiders?

An insider sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Skeena Resources. Every company has risks, and we've spotted 5 warning signs for Skeena Resources (of which 2 don't sit too well with us!) you should know about.

Of course Skeena 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.