Yahoo Finance Trade Alert: Peter Kucak At International Lithium Corp. (CVE:ILC), Has Just Spent CA$300k Buying 17% More Shares
Potential International Lithium Corp. (CVE:ILC) shareholders may wish to note that insider Peter Kucak recently bought CA$300k worth of stock, paying CA$0.06 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 17%.
View our latest analysis for International Lithium
International Lithium Insider Transactions Over The Last Year
In fact, the recent purchase by insider Peter Kucak was not their only acquisition of International Lithium shares this year. Earlier in the year, they paid CA$0.055 per share in a CA$403k purchase. That implies that an insider found the current price of CA$0.055 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 International Lithium insiders decided to buy shares at close to current prices. Notably Peter Kucak was also the biggest seller.
Happily, we note that in the last year insiders paid CA$1.6m for 28.48m shares. But insiders sold 14.20m shares worth CA$1.1m. In total, International Lithium insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and 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!
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
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that International Lithium insiders own 33% of the company, worth about CA$3.6m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At International Lithium Tell Us?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. When combined with notable insider ownership, these factors suggest International Lithium insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing International Lithium. To that end, you should learn about the 4 warning signs we've spotted with International Lithium (including 3 which make us uncomfortable).
Of course International Lithium may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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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