Yahoo Finance Director Donald Johnson Just Bought 20% More Shares In Murchison Minerals Ltd. (CVE:MUR)
Potential Murchison Minerals Ltd. (CVE:MUR) shareholders may wish to note that the Director, Donald Johnson, recently bought CA$260k worth of stock, paying CA$0.065 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 20%.
Check out our latest analysis for Murchison Minerals
Murchison Minerals Insider Transactions Over The Last Year
Notably, that recent purchase by Donald Johnson is the biggest insider purchase of Murchison Minerals shares that we've seen in the last year. Even though the purchase was made at a significantly lower price than the recent price (CA$0.085), 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.
While Murchison Minerals insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does Murchison Minerals Boast High Insider Ownership?
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. Insiders own 30% of Murchison Minerals shares, worth about CA$2.0m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Murchison Minerals Insiders?
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 Murchison Minerals 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 Murchison Minerals. For example, Murchison Minerals has 4 warning signs (and 3 which are a bit unpleasant) we think you should know about.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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, but not derivative transactions.
This article by Simply Wall St is general in nature. 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.
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