Have Insiders Sold Fjordland Exploration Inc. (CVE:FEX) Shares Recently?

We note that the Fjordland Exploration Inc. (CVE:FEX) Chairman of the Board, Richard Atkinson, recently sold CA$102k worth of stock for CA$0.10 per share. It wasn't a huge sale, but it did reduce their holding by 18%. This does not instill confidence.

View our latest analysis for Fjordland Exploration

Fjordland Exploration Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when President James Tuer bought CA$102k worth of shares at a price of CA$0.10 per share. That implies that an insider found the current price of CA$0.12 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Fjordland Exploration insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was James Tuer.

James Tuer bought a total of 1.15m shares over the year at an average price of CA$0.098. 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 always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 17% of Fjordland Exploration shares, worth about CA$958k. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Fjordland Exploration Tell Us?

We note a that there has been a bit of insider buying recently (but no selling). Overall the buying isn't worth writing home about. However, our analysis of transactions over the last year is heartening. Insiders do have a stake in Fjordland Exploration and their transactions don't cause us concern. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 4 warning signs for Fjordland Exploration (of which 2 are a bit unpleasant!) you should know about.

Of course Fjordland Exploration 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.

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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. 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.
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