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Have Insiders Been Buying Calibre Mining Corp. (CVE:CXB) Shares This Year?

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We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we’d be remiss not to mention that insider sales have been known to precede tough periods for a business. So shareholders might well want to know whether insiders have been buying or selling shares in Calibre Mining Corp. (CVE:CXB).

Do Insider Transactions Matter?

Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock on the market. However, rules govern insider transactions, and certain disclosures are required.

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We don’t think shareholders should simply follow insider transactions. But equally, we would consider it foolish to ignore insider transactions altogether. For example, a Harvard University study found that ‘insider purchases earn abnormal returns of more than 6% per year.’

See our latest analysis for Calibre Mining

Calibre Mining Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by Lead Director Blayne Johnson for CA$250k worth of shares, at about CA$4.40 per share. That means that even when the share price was higher, an insider wanted to purchase shares. It’s very possible they regret the purchase, but it’s more likely they are bullish about the company. That purchase may suggest an expectation of positive returns over the long term.

In the last twelve months insiders paid CA$392k for 127.87k shares purchased. In total, Calibre Mining insiders bought more than they sold over the last year. Their average price was about CA$3.07. I’d consider this a positive as it suggests insiders see value at around the current price, which is CA$0.61. You can see a visual depiction of insider transactions (by 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!

TSXV:CXB Insider Trading February 1st 19
TSXV:CXB Insider Trading February 1st 19

Calibre Mining is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Have Calibre Mining Insiders Traded Recently?

There was some insider buying at Calibre Mining over the last quarter. Insiders shelled out CA$13k for shares in that time. We like it when there are only buyers, and no sellers. However, in this case the amount invested recently is quite small.

Does Calibre Mining 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. Insiders own 7.6% of Calibre Mining shares, worth about CA$2.0m, according to our data. We do generally prefer see higher levels of insider ownership.

So What Does This Data Suggest About Calibre Mining Insiders?

Insider purchases have outweighed sales, in the last three months. But the net investment is not enough to encourage us 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 Calibre Mining insiders bought more shares in the company. Along with insider transactions, I recommend checking if Calibre Mining is growing revenue. This free chart of historic revenue and earnings should make that easy.

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.

To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.