Georges Cohen Bought 8.3% More Shares In Robex Resources

Robex Resources Inc. (CVE:RBX) shareholders (or potential shareholders) will be happy to see that insider Georges Cohen recently bought a whopping CA$8.1m worth of stock, at a price of CA$2.55. While that only increased their holding size by 8.3%, it is still a big swing by our standards.

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The Last 12 Months Of Insider Transactions At Robex Resources

Notably, that recent purchase by Georges Cohen is the biggest insider purchase of Robex Resources shares that we've seen in the last year. We do like to see buying, but this purchase was made at well below the current price of CA$4.01. 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.

Robex Resources insiders may have bought shares in the last year, but they didn't sell any. 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!

View our latest analysis for Robex Resources

Robex Resources 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

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Robex Resources insiders own 26% of the company, worth about CA$226m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The Robex Resources Insider Transactions Indicate?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest Robex Resources insiders are well aligned, and quite possibly think the share price is too low. Looks promising! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 1 warning sign for Robex Resources and we suggest you have a look.

But note: Robex Resources 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.