President of Fireweed Metals Ian Gibbs Buys More Stock

Potential Fireweed Metals Corp. (CVE:FWZ) shareholders may wish to note that the President, Ian Gibbs, recently bought CA$225k worth of stock, paying CA$1.50 for each share. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.

See our latest analysis for Fireweed Metals

Fireweed Metals Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by insider Larry Childress for CA$3.7m worth of shares, at about CA$1.10 per share. Even though the purchase was made at a significantly lower price than the recent price (CA$1.60), we still think insider buying is a positive. 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.

Over the last year, we can see that insiders have bought 3.54m shares worth CA$4.0m. But insiders sold 84.20k shares worth CA$100k. In total, Fireweed Metals insiders bought more than they sold 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 want to know exactly who sold, for how much, and when, simply click on the graph below!

Fireweed Metals is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

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. Fireweed Metals insiders own about CA$54m worth of shares. That equates to 19% of the company. 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 Fireweed Metals Tell Us?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest Fireweed Metals insiders are well aligned, and that they may think the share price is too low. 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. For example, Fireweed Metals has 4 warning signs (and 3 which are potentially serious) we think you should know about.

Of course Fireweed Metals 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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