CEO & Executive Director of Ecora Resources Marc Lafleche Buys 8.8% More Shares

Even if it's not a huge purchase, we think it was good to see that Marc Lafleche, the CEO & Executive Director of Ecora Resources PLC (LON:ECOR) recently shelled out UK£45k to buy stock, at UK£0.75 per share. However, it only increased their shares held by 8.8%, and it wasn't a huge purchase by absolute value, either.

Check out our latest analysis for Ecora Resources

Ecora Resources Insider Transactions Over The Last Year

In fact, the recent purchase by CEO & Executive Director Marc Lafleche was not their only acquisition of Ecora Resources shares this year. Earlier in the year, they paid UK£0.77 per share in a UK£99k purchase. That implies that an insider found the current price of UK£0.77 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Ecora Resources insiders decided to buy shares at close to current prices.

Ecora Resources insiders may have bought shares in the last year, but they didn't sell any. 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!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. From looking at our data, insiders own UK£1.3m worth of Ecora Resources stock, about 0.7% of the company. We prefer to see high levels of insider ownership.

So What Do The Ecora Resources Insider Transactions Indicate?

It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Ecora Resources insiders are reasonably well aligned, and optimistic for the future. 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 3 warning signs we've spotted with Ecora Resources (including 1 which is a bit concerning).

Of course Ecora Resources 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 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com