Glen Milne Bought 4.3% More Shares In Inventus Mining
Even if it’s not a huge purchase, we think it was good to see that Glen Milne, the Independent Director of Inventus Mining Corp. (CVE:IVS) recently shelled out CA$100k to buy stock, at CA$0.28 per share. Although the purchase is not a big one, increasing their shareholding by only 4.3%, it can be interpreted as a good sign.
Inventus Mining Insider Transactions Over The Last Year
The insider Eric Sprott made the biggest insider purchase in the last 12 months. That single transaction was for CA$1.9m worth of shares at a price of CA$0.16 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$0.24. Because the shares were purchased at a lower price, this particular buy doesn’t tell us much about how insiders feel about the current share price.
In the last twelve months insiders purchased 21.26m shares for CA$3.2m. On the other hand they divested 436.00k shares, for CA$136k. In the last twelve months there was more buying than selling by Inventus Mining insiders. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Check out our latest analysis for Inventus Mining
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 Of Inventus Mining
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Inventus Mining insiders own about CA$18m worth of shares. That equates to 35% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Inventus Mining Insider Transactions Indicate?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Insiders likely see value in Inventus Mining shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing Inventus Mining. Case in point: We’ve spotted 4 warning signs for Inventus Mining you should be aware of, and 2 of these don’t sit too well with us.
