Independent Non-Executive Chairman Thomas Lamb Just Bought 1,069% More Shares In MYCELX Technologies Corporation (LON:MYX)

Potential MYCELX Technologies Corporation (LON:MYX) shareholders may wish to note that the Independent Non-Executive Chairman, Thomas Lamb, recently bought UK£134k worth of stock, paying UK£0.50 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 1,069%.

See our latest analysis for MYCELX Technologies

MYCELX Technologies Insider Transactions Over The Last Year

Notably, that recent purchase by Thomas Lamb is the biggest insider purchase of MYCELX Technologies shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is UK£0.51. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for MYCELX Technologies share holders is that insiders were buying at near the current price.

In the last twelve months insiders purchased 392.51k shares for UK£204k. But they sold 20.00k shares for UK£14k. Overall, MYCELX Technologies insiders were net buyers during 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!

MYCELX Technologies is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership of MYCELX Technologies

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. MYCELX Technologies insiders own about UK£2.3m worth of shares. That equates to 23% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The MYCELX Technologies Insider Transactions Indicate?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest MYCELX Technologies insiders are well aligned, and that they may think the share price is too low. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 3 warning signs for MYCELX Technologies (of which 1 can't be ignored!) you should know about.

Of course MYCELX Technologies 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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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.