Eileen Carr Bought 8.0% More Shares In Oriole Resources

Even if it's not a huge purchase, we think it was good to see that Eileen Carr, the Independent Non-Executive Chair of Oriole Resources PLC (LON:ORR) recently shelled out UK£40k to buy stock, at UK£0.003 per share. Although the purchase is not a big one, increasing their shareholding by only 8.0%, it can be interpreted as a good sign.

Check out our latest analysis for Oriole Resources

The Last 12 Months Of Insider Transactions At Oriole Resources

Notably, that recent purchase by Eileen Carr is the biggest insider purchase of Oriole Resources shares that we've seen in the last year. That implies that an insider found the current price of UK£0.0033 per share to be enticing. 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. Happily, the Oriole Resources insiders decided to buy shares at close to current prices.

While Oriole Resources insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Oriole Resources is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From our data, it seems that Oriole Resources insiders own 5.8% of the company, worth about UK£738k. Whilst better than nothing, we're not overly impressed by these holdings.

So What Does This Data Suggest About Oriole Resources Insiders?

We note a that there has been a bit of insider buying recently (but no selling). That said, the purchases were not large. On a brighter note, the transactions over the last year are encouraging. The transactions are fine but it'd be more encouraging if Oriole Resources insiders bought more shares in 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. To that end, you should learn about the 4 warning signs we've spotted with Oriole Resources (including 2 which are a bit concerning).

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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.