Flying Nickel Mining's Stock Sinks To CA$0.055, But Insiders Sold Even Lower

Flying Nickel Mining Corp.'s (CVE:FLYN) value has fallen 21% in the last week, but insiders who sold CA$182k worth of stock over the last year have had less success. The average selling price of CA$0.10 is still lower than the current share price, or in other words, insiders would have been better off holding on to their shares.

Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.

View our latest analysis for Flying Nickel Mining

Flying Nickel Mining Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Interim CEO & Executive Chairman, John R. Lee, for CA$155k worth of shares, at about CA$0.11 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (CA$0.055). So it is hard to draw any strong conclusion from it. The only individual insider seller over the last year was John R. Lee.

Over the last year, we can see that insiders have bought 709.43k shares worth CA$70k. But insiders sold 1.73m shares worth CA$182k. John R. Lee sold a total of 1.73m shares over the year at an average price of CA$0.10. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Flying Nickel Mining Insiders Are Selling The Stock

Over the last three months, we've seen a bit of insider selling at Flying Nickel Mining. Interim CEO & Executive Chairman John R. Lee divested only CA$14k worth of shares in that time. Neither the lack of buying nor the presence of selling is heartening. But the volume sold is so low that it really doesn't bother us.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that Flying Nickel Mining insiders own 15% of the company, worth about CA$780k. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

What Might The Insider Transactions At Flying Nickel Mining Tell Us?

We did not see any insider buying in the last three months, but we did see selling. But given the selling was modest, we're not worried. Recent insider selling makes us a little nervous, in light of the broader picture of Flying Nickel Mining insider transactions. We also note that, as far as we can see, insider ownership is fairly low, compared to other companies. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Flying Nickel Mining. Case in point: We've spotted 4 warning signs for Flying Nickel Mining you should be aware of, and 3 of these are a bit unpleasant.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.