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Executive Chairman of the Board John Robins Just Bought 30% More Shares In Fireweed Zinc Ltd. (CVE:FWZ)

Simply Wall St
·3 min read

Potential Fireweed Zinc Ltd. (CVE:FWZ) shareholders may wish to note that the Executive Chairman of the Board, John Robins, recently bought CA$175k worth of stock, paying CA$0.30 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 30%.

View our latest analysis for Fireweed Zinc

Fireweed Zinc Insider Transactions Over The Last Year

Notably, that recent purchase by John Robins is the biggest insider purchase of Fireweed Zinc shares that we've seen in the last year. That implies that an insider found the current price of CA$0.35 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Fireweed Zinc insiders decided to buy shares at close to current prices.

While Fireweed Zinc insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

TSXV:FWZ Recent Insider Trading April 26th 2020
TSXV:FWZ Recent Insider Trading April 26th 2020

Fireweed Zinc is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that Fireweed Zinc insiders own about CA$1.9m worth of shares (which is 13% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Does This Data Suggest About Fireweed Zinc Insiders?

It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Fireweed Zinc insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Fireweed Zinc. For example, Fireweed Zinc has 5 warning signs (and 1 which is significant) we think you should know about.

But note: Fireweed Zinc may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.