RTG Mining Insider Buyers See Boost After Market Cap Rose CA$9.6m

Insiders who bought RTG Mining Inc. (TSE:RTG) stock in the last 12 months were richly rewarded last week. The company’s market value increased by CA$9.6m as a result of the stock’s 14% gain over the same period. As a result, the stock they originally bought for US$5.50m is now worth US$7.74m.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

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RTG Mining Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when insider Richard Hains bought CA$2.7m worth of shares at a price of CA$0.028 per share. Even though the purchase was made at a significantly lower price than the recent price (CA$0.04), we still think insider buying is a positive. 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.

Richard Hains purchased 193.55m shares over the year. The average price per share was CA$0.028. 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 RTG 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 RTG 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. We usually like to see fairly high levels of insider ownership. Insiders own 7.9% of RTG Mining shares, worth about CA$5.3m, according to our data. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Overall, this level of ownership isn’t that impressive, but it’s certainly better than nothing!

So What Do The RTG Mining Insider Transactions Indicate?

It doesn’t really mean much that no insider has traded RTG Mining shares in the last quarter. However, our analysis of transactions over the last year is heartening. We’d like to see bigger individual holdings. However, we don’t see anything to make us think RTG Mining insiders are doubting the company. So these insider transactions can help us build a thesis about the stock, but it’s also worthwhile knowing the risks facing this company. For example, RTG Mining has 4 warning signs (and 2 which are potentially serious) we think you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.