Potential Rusoro Mining Ltd. (CVE:RML) shareholders may wish to note that the President, Andre Agapov, recently bought CA$227k worth of stock, paying CA$0.26 for each share. Although the purchase only increased their holding by 1.0%, it is still a solid purchase in our view.
Check out our latest analysis for Rusoro Mining
The Last 12 Months Of Insider Transactions At Rusoro Mining
In fact, the recent purchase by Andre Agapov was the biggest purchase of Rusoro Mining shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of CA$0.055. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares is very important. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. The only individual insider to buy over the last year was Andre Agapov. Notably Andre Agapov was also the biggest seller.
Andre Agapov purchased 1.51m shares over the year. The average price per share was CA$0.17. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
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. Rusoro Mining insiders own about CA$7.1m worth of shares. That equates to 24% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Rusoro Mining Tell Us?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. Insiders likely see value in Rusoro Mining shares, given these transactions (along with notable insider ownership of the company). I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.
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, but not derivative transactions.
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