Camino Minerals Gains 14%, Insider Trades Reap Benefit

Last week, Camino Minerals Corporation (CVE:COR) insiders, who had purchased shares in the previous 12 months were rewarded handsomely. The shares increased by 14% last week, resulting in a CA$1.7m increase in the company's market worth, implying a 33% gain on their initial purchase. As a result, their original purchase of CA$100.0k worth of stock is now worth CA$133.3k.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Camino Minerals

The Last 12 Months Of Insider Transactions At Camino Minerals

In the last twelve months, the biggest single purchase by an insider was when President Jay Chmelauskas bought CA$100k worth of shares at a price of CA$0.06 per share. We do like to see buying, but this purchase was made at well below the current price of CA$0.08. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Does Camino Minerals Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 10% of Camino Minerals shares, worth about CA$1.5m, according to our data. We do generally prefer see higher levels of insider ownership.

So What Does This Data Suggest About Camino Minerals Insiders?

It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us 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 Camino Minerals stock. 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 Camino Minerals is showing 4 warning signs in our investment analysis, and 3 of those are significant...

But note: Camino Minerals may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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 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.