Corporate Development Executive of Atico Mining Igor Dutina Buys 601% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Atico Mining Corporation (CVE:ATY) Corporate Development Executive, Igor Dutina, recently bought CA$113k worth of stock, for CA$0.11 per share. While that isn't the hugest buy, it actually boosted their shareholding by 601%, which is good to see.

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Atico Mining Insider Transactions Over The Last Year

The VP of Operations & Projects and Director Jorge Ganoza Aicardi made the biggest insider purchase in the last 12 months. That single transaction was for CA$400k worth of shares at a price of CA$0.11 each. We do like to see buying, but this purchase was made at well below the current price of CA$0.14. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

In the last twelve months Atico Mining insiders were buying shares, but not selling. 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!

Check out our latest analysis for Atico Mining

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Does Atico Mining 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. Our data indicates that Atico Mining insiders own about CA$2.4m worth of shares (which is 9.4% of the company). We do generally prefer see higher levels of insider ownership.

So What Does This Data Suggest About Atico Mining Insiders?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Atico Mining stock. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Our analysis shows 5 warning signs for Atico Mining (2 make us uncomfortable!) and we strongly recommend you look at these before investing.

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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.