Cordoba Minerals Drops To CA$0.26, Yet Insiders May Have Sold Too Early

Even though Cordoba Minerals Corp. (CVE:CDB) has fallen by 15% over the past week , insiders who sold CA$73k worth of stock over the past year have had less luck. Given that the average selling price of CA$1.43 is still lower than the current share price, insiders would probably have been better off keeping their shares.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

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The Last 12 Months Of Insider Transactions At Cordoba Minerals

Over the last year, we can see that the biggest insider sale was by the Independent Director, Diane Nicolson, for CA$73k worth of shares, at about CA$1.43 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of CA$0.26. So it is hard to draw any strong conclusion from it. Diane Nicolson was the only individual insider to sell over the last year.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for Cordoba Minerals

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Does Cordoba Minerals Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data suggests Cordoba Minerals insiders own 1.8% of the company, worth about CA$479k. We consider this fairly low insider ownership.

So What Do The Cordoba Minerals Insider Transactions Indicate?

It doesn’t really mean much that no insider has traded Cordoba Minerals shares in the last quarter. We don’t take much encouragement from the transactions by Cordoba Minerals insiders. And we’re not picking up on high enough insider ownership to give us any comfort. So these insider transactions can help us build a thesis about the stock, but it’s also worthwhile knowing the risks facing this company. When we did our research, we found 4 warning signs for Cordoba Minerals (3 are potentially serious!) that we believe deserve your full attention.

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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.