Jubilee Metals Group PLC (LON:JLP) insiders who acquired shares over the previous 12 months, can probably afford to ignore the recent 11% decline in the stock price. Reason being, despite the recent loss, insiders original purchase value of UK£108k is now worth UK£155k.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
The Last 12 Months Of Insider Transactions At Jubilee Metals Group
In the last twelve months, the biggest single purchase by an insider was when CEO & Executive Director Leon Coetzer bought UK£55k worth of shares at a price of UK£0.11 per share. We do like to see buying, but this purchase was made at well below the current price of UK£0.15. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
While Jubilee Metals Group 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!
Jubilee Metals Group 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.
Does Jubilee Metals Group Boast High 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. We usually like to see fairly high levels of insider ownership. It appears that Jubilee Metals Group insiders own 6.4% of the company, worth about UK£22m. 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 Jubilee Metals Group Tell Us?
The fact that there have been no Jubilee Metals Group insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening. Overall we don't see anything to make us think Jubilee Metals Group insiders are doubting the company, and they do own shares. 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 Jubilee Metals Group (of which 1 can't be ignored!) you should know about.
Of course Jubilee Metals Group 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.
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