Western Atlas Resources President Fabio Capponi Sells 30% Of Holding

Investors may wish to note that the President of Western Atlas Resources Inc., Fabio Capponi, recently netted CA$78k from selling stock, receiving an average price of CA$0.015. It might not be a huge sale, but it did reduce their holding size 30%, hardly encouraging.

See our latest analysis for Western Atlas Resources

The Last 12 Months Of Insider Transactions At Western Atlas Resources

Notably, that recent sale by Fabio Capponi is the biggest insider sale of Western Atlas Resources shares that we've seen in the last year. That means that an insider was selling shares at around the current price of CA$0.015. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.

Does Western Atlas Resources Boast High 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. Insiders own 24% of Western Atlas Resources shares, worth about CA$448k. 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 Western Atlas Resources Insider Transactions Indicate?

Our data shows a little more insider selling than buying in the last three months. But the difference isn't enough to have us worried. We're a little cautious about the insider selling at Western Atlas Resources. But we do like the fact that insiders own a fair chunk of the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example, Western Atlas Resources has 6 warning signs (and 4 which don't sit too well with us) we think you should know about.

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.