Have Insiders Sold Rusoro Mining Shares Recently?

Investors may wish to note that the Independent Director of Rusoro Mining Ltd., Anthony Beruschi, recently netted CA$126k from selling stock, receiving an average price of CA$1.26. On the bright side, that's just a small sale and only reduced their holding by 0.4%.

See our latest analysis for Rusoro Mining

Rusoro Mining Insider Transactions Over The Last Year

Notably, that recent sale by Independent Director Anthony Beruschi was not the only time they sold Rusoro Mining shares this year. They previously made an even bigger sale of -CA$964k worth of shares at a price of CA$1.01 per share. That means that even when the share price was below the current price of CA$1.25, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 4.0%of Anthony Beruschi's holding.

All up, insiders sold more shares in Rusoro Mining than they bought, over the last year. The average sell price was around US$0.94. It's not particularly great to see insiders were selling shares at below recent prices. But we wouldn't put too much weight on the insider selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like Rusoro Mining better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership Of Rusoro Mining

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. Rusoro Mining insiders own 25% of the company, currently worth about CA$181m based on the recent share price. 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 Rusoro Mining Insider Transactions Indicate?

The insider sales have outweighed the insider buying, at Rusoro Mining, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. 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 Rusoro Mining. To help with this, we've discovered 5 warning signs (3 are a bit unpleasant!) that you ought to be aware of before buying any shares in Rusoro Mining.

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.