Vladimir Agapov Is The Chairman of the Board of Rusoro Mining Ltd. (CVE:RML) And They Just Picked Up 65% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Rusoro Mining Ltd. (CVE:RML) Chairman of the Board, Vladimir Agapov, recently bought CA$121k worth of stock, for CA$0.04 per share. While that isn't the hugest buy, it actually boosted their shareholding by 65%, which is good to see.

Check out our latest analysis for Rusoro Mining

The Last 12 Months Of Insider Transactions At Rusoro Mining

Notably, that recent purchase by Vladimir Agapov is the biggest insider purchase of Rusoro Mining shares that we've seen in the last year. We do like to see buying, but this purchase was made at well below the current price of CA$0.06. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

While Rusoro Mining insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Rusoro Mining is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 24% of Rusoro Mining shares, worth about CA$8.0m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Rusoro Mining Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of Rusoro Mining we think they are probably pretty confident of a bright future. While we like knowing 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. To that end, you should learn about the 5 warning signs we've spotted with Rusoro Mining (including 3 which don't sit too well with us).

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, 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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