Have Robex Resources Inc. (CVE:RBX) Insiders Been Selling Their Stock?

By
Simply Wall St
Published
March 13, 2021
TSXV:RBX

We note that the Robex Resources Inc. (CVE:RBX) Independent Vice Chairman of the Board, Richard Faucher, recently sold CA$120k worth of stock for CA$0.48 per share. However we note that the sale only shrunk their holding by 9.4%.

View our latest analysis for Robex Resources

The Last 12 Months Of Insider Transactions At Robex Resources

Notably, that recent sale by Richard Faucher is the biggest insider sale of Robex Resources shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of CA$0.45. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Robex Resources insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
TSXV:RBX Insider Trading Volume March 13th 2021

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Robex Resources Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Robex Resources insiders own about CA$190m worth of shares (which is 68% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Robex Resources Insider Transactions Indicate?

Insiders sold Robex Resources shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. But since Robex Resources is profitable and growing, we're not too worried by this. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Robex Resources. While conducting our analysis, we found that Robex Resources has 2 warning signs and it would be unwise to ignore these.

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, but not derivative transactions.

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This article by Simply Wall St is general in nature. 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.
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