Have Rusoro Mining Insiders Been Selling Stock?

Investors may wish to note that the Independent Director of Rusoro Mining Ltd., Anthony Beruschi, recently netted CA$122k from selling stock, receiving an average price of CA$0.97. On the bright side, that's just a small sale and only reduced their holding by 0.5%.

See our latest analysis for Rusoro Mining

The Last 12 Months Of Insider Transactions At Rusoro Mining

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$9.0m worth of shares at a price of CA$1.50 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (CA$1.04). So it may not shed much light on insider confidence at current levels.

In the last twelve months insiders purchased 409.00k shares for CA$549k. But they sold 11.21m shares for CA$16m. All up, insiders sold more shares in Rusoro Mining than they bought, 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 want to know exactly who sold, for how much, and when, simply click on the graph below!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Rusoro Mining insiders own 26% of the company, currently worth about CA$170m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Rusoro Mining Tell Us?

An insider sold stock recently, but they haven't been buying. And our longer term analysis of insider transactions didn't bring confidence, either. It is good to see high insider ownership, but the insider selling leaves us cautious. 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 4 warning signs for Rusoro Mining and we suggest you have a look.

Of course Rusoro Mining may not be the best stock to buy. So you may wish to see this free collection of high quality 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.