Atlas Salt Insider Buyers Net CA$588k Despite 13% Stock Decline

Atlas Salt Inc. (CVE:SALT) insiders who acquired shares over the previous 12 months, can probably afford to ignore the recent 13% decline in the stock price. After taking the recent loss into consideration, the CA$600.0k worth of stock they bought is now worth CA$1.19m, indicating that their investment yielded a positive return.

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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Atlas Salt Insider Transactions Over The Last Year

The Chairman Patrick Laracy made the biggest insider purchase in the last 12 months. That single transaction was for CA$282k worth of shares at a price of CA$0.94 each. Even though the purchase was made at a significantly lower price than the recent price (CA$1.41), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn’t tell us much about whether insiders might find today’s price attractive.

While Atlas Salt insiders bought shares during the last year, they didn’t sell. They paid about CA$0.71 on average. To my mind it is good that insiders have invested their own money in the company. But we must note that the investments were made at well below today’s share price. 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!

View our latest analysis for Atlas Salt

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of Atlas Salt

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Our data indicates that Atlas Salt insiders own about CA$11m worth of shares (which is 6.1% of the company). We do generally prefer see higher levels of insider ownership.

So What Do The Atlas Salt Insider Transactions Indicate?

There haven’t been any insider transactions in the last three months — that doesn’t mean much. But insiders have shown more of an appetite for the stock, over the last year. Insiders own shares in Atlas Salt and we see no evidence to suggest they are worried about the future. In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing Atlas Salt. Case in point: We’ve spotted 3 warning signs for Atlas Salt you should be aware of, and 2 of these are a bit concerning.

But note: Atlas Salt may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.