Oroco Resource Corp. (CVE:OCO) shareholders (or potential shareholders) will be happy to see that the CEO & Director, Craig Dalziel, recently bought a whopping CA$2.2m worth of stock, at a price of CA$0.26. That increased their holding by a full 98%, which arguably implies the sort of confidence required for a shy sweet-natured nerd to ask the most popular kid in the school to go out on a date.
Oroco Resource Insider Transactions Over The Last Year
Notably, that recent purchase by Craig Dalziel is the biggest insider purchase of Oroco Resource shares that we've seen in the last year. That implies that an insider found the current price of CA$0.31 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.
While Oroco Resource insiders bought shares last year, they didn't sell. The chart below shows insider transactions (by 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.
Insider Ownership of Oroco Resource
Many investors like to check how much of a company is owned by 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. From our data, it seems that Oroco Resource insiders own 6.9% of the company, worth about CA$3.1m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Does This Data Suggest About Oroco Resource Insiders?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss last year, which makes us a little cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Oroco Resource insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Oroco Resource. To that end, you should learn about the 6 warning signs we've spotted with Oroco Resource (including 2 which make us uncomfortable).
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, but not derivative transactions.
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