Insiders at Nordic Mining ASA (OB:NOM) must be relieved they sold stock as market valuation descends to kr1.3b

By selling kr514k worth of Nordic Mining ASA (OB:NOM) stock at an average sell price of kr3.84 over the last year, insiders seemed to have made the most of their holdings. The company's market worth decreased by kr709m over the past week after the stock price dropped 75%, although insiders were able to minimize their losses

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

See our latest analysis for Nordic Mining

Nordic Mining Insider Transactions Over The Last Year

There wasn't any very large single transaction over the last year, but we can still observe some trading.

In total, Nordic Mining insiders sold more than they bought over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of Nordic Mining

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data isn't picking up on much insider ownership at Nordic Mining, though insiders do hold about kr3.3m worth of shares. We might be missing something but that seems like very low insider ownership.

So What Does This Data Suggest About Nordic Mining Insiders?

The fact that there have been no Nordic Mining insider transactions recently certainly doesn't bother us. Our analysis of Nordic Mining insider transactions leaves us unenthusiastic. And usually insiders own more stock in the company, according to our data. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. While conducting our analysis, we found that Nordic Mining has 5 warning signs and it would be unwise to ignore these.

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, 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.