Usually, if one insider buys shares, it’s not a big deal. But if multiple insiders buy, e.g. Tonbil Mines Ltd. (CVE:TBLL) sends a positive message to the company’s shareholders.
While we would never say that investors should base their decisions solely on the actions of a company’s directors, we think it would be foolish to ignore insider trading entirely.
Check out our latest analysis for Tomville Mining
Insider transactions at Tomville Mine in the last 12 months
While there have been no very large single transactions in the past year, several transactions have still been observed.
Tombil Mines insiders may have bought shares in the last year but did not sell. The average price was around CA$0.013. We don’t deny that it’s good that insiders are buying shares in the company, but we should note that the investments were made at prices much lower than today’s share price of CA$0.015. The chart below shows insider transactions (by companies and individuals) over the past year. You can click on the chart below to see the exact details of each insider transaction.
Tombil Mine isn’t the only stock insiders are buying. Let’s take a look inside. free A list of under-the-radar companies with insider buying.
Does Tombil Mines boast high insider ownership?
Looking at insider shareholding in a company can help give us an idea of ​​whether their shareholdings are well-aligned with those of common shareholders. We usually like to see a fairly high degree of insider ownership. Tombill Mines insiders own 41% of the company’s shares, worth CA$1.3m, which is great. Such significant insider holdings generally increase the likelihood that a company will be run in the interest of all shareholders.
So what does Tomville Mining’s insider trading indicate?
It doesn’t mean much that insiders haven’t bought or sold Thongbil Mining shares in the past quarter. On a bright side, trading over the past year has been encouraging. With high insider ownership and encouraging trading, it seems like Thongbil Mining insiders see value in the business. So while it’s useful to know what insiders are doing in terms of buying and selling, it’s also useful to know the risks a particular company faces. After doing some research, we found that: 5 Warning Signs for the Tombil Mine (You can’t ignore number 4!) We think it’s worth paying close attention to.
If you want to check out another company that may be financially superior, don’t miss this one. free A list of interesting companies with high return on equity and low debt.
For the purposes of this article, insiders are individuals who report their transactions to the relevant regulatory body. Currently, we count only open market transactions and private dispositions of direct interests, not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We use only unbiased methodologies to provide commentary based on historical data and analyst forecasts, and our articles are not intended as financial advice. It is not a recommendation to buy or sell stocks, and does not take into account your objectives, or your financial situation. We seek to provide long-term focused analysis driven by fundamental data. Note that our analysis may not take into account the latest price sensitive company announcements or qualitative material. Simply Wall St has no position in any of the stocks mentioned.
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