Stephen Stewart Bought 68% More Shares In Kintavar Exploration

Potential Kintavar Exploration Inc. (CVE:KTR) shareholders may wish to note that the Chairman, Stephen Stewart, recently bought CA$244k worth of stock, paying CA$0.60 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 68%, potentially signalling some real optimism.

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Kintavar Exploration Insider Transactions Over The Last Year

In fact, the recent purchase by Stephen Stewart was the biggest purchase of Kintavar Exploration shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of CA$0.065. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. The only individual insider to buy over the last year was Stephen Stewart.

Stephen Stewart purchased 1.00m shares over the year. The average price per share was CA$0.28. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See our latest analysis for Kintavar Exploration

Kintavar Exploration is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company 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. Our data suggests Kintavar Exploration insiders own 1.5% of the company, worth about CA$220k. I generally like to see higher levels of ownership.

What Might The Insider Transactions At Kintavar Exploration Tell Us?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Kintavar Exploration insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Kintavar Exploration. Every company has risks, and we've spotted 4 warning signs for Kintavar Exploration (of which 3 are concerning!) you should know about.

But note: Kintavar Exploration 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.