Insiders See CA$6.90m Investment In Robex Resources Jump Last Week

Robex Resources Inc. (CVE:RBX) insiders who purchased shares in the last 12 months were richly rewarded last week. The stock climbed by 23% resulting in a CA$73m addition to the company’s market value. Put another way, the original CA$6.90m acquisition is now worth CA$8.27m.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Robex Resources

The Last 12 Months Of Insider Transactions At Robex Resources

The insider Georges Cohen made the biggest insider purchase in the last 12 months. That single transaction was for CA$6.9m worth of shares at a price of CA$2.17 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$2.60. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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 Of Robex Resources

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. Robex Resources insiders own about CA$98m worth of shares. That equates to 28% 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.

So What Do The Robex Resources Insider Transactions Indicate?

It doesn't really mean much that no insider has traded Robex Resources shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. Insiders do have a stake in Robex Resources and their transactions don't cause us concern. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example - Robex Resources has 1 warning sign we think you should be aware of.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.