Several Insiders Invested In Tombill Mines Flagging Positive News

Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Tombill Mines Limited (CVE:TBLL), it sends a favourable message to the company’s shareholders.

Although we don’t think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.

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The Last 12 Months Of Insider Transactions At Tombill Mines

The Chairman Adam Horne made the biggest insider purchase in the last 12 months. That single transaction was for CA$200k worth of shares at a price of CA$0.01 each. So it’s clear an insider wanted to buy, at around the current price, which is CA$0.01. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company’s future. If someone buys shares at well below current prices, it’s a good sign on balance, but keep in mind they may no longer see value. The good news for Tombill Mines share holders is that insiders were buying at near the current price.

Tombill Mines insiders may have bought shares in the last year, but they didn’t sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for Tombill Mines

Tombill Mines is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Does Tombill Mines Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Our data indicates that Tombill Mines insiders own about CA$367k worth of shares (which is 9.3% of the company). But they may have an indirect interest through a corporate structure that we haven’t picked up on. Whilst better than nothing, we’re not overly impressed by these holdings.

So What Does This Data Suggest About Tombill Mines Insiders?

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. The transactions are fine but it’d be more encouraging if Tombill Mines insiders bought more shares in the company. In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing Tombill Mines. To help with this, we’ve discovered 6 warning signs (5 shouldn’t be ignored!) that you ought to be aware of before buying any shares in Tombill Mines.

Of course Tombill Mines may not be the best stock to buy. So you may wish to see this free collection of high quality 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.