Non-Executive Independent Director of Los Andes Copper Picks Up 22% More Stock

Whilst it may not be a huge deal, we thought it was good to see that the Los Andes Copper Ltd. (CVE:LA) Non-Executive Independent Director, Warren Philip Gilman, recently bought CA$109k worth of stock, for CA$10.95 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 22%.

Check out our latest analysis for Los Andes Copper

Los Andes Copper Insider Transactions Over The Last Year

Notably, that recent purchase by Warren Philip Gilman is the biggest insider purchase of Los Andes Copper shares that we've seen in the last year. That means that an insider was happy to buy shares at above the current price of CA$10.85. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. The only individual insider to buy over the last year was Warren Philip Gilman.

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

Los Andes Copper is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Based on our data, Los Andes Copper insiders have about 0.5% of the stock, worth approximately CA$1.7m. However, it's possible that insiders might have an indirect interest through a more complex structure. We prefer to see high levels of insider ownership.

So What Does This Data Suggest About Los Andes Copper Insiders?

The recent insider purchase is heartening. 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. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Los Andes Copper insiders are reasonably well aligned, and optimistic for the future. 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 Los Andes Copper is showing 3 warning signs in our investment analysis, and 2 of those are a bit concerning...

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.