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Insider Buying: The Native Mineral Resources Holdings Limited (ASX:NMR) Non-Executive & Independent Director Just Bought 17% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Native Mineral Resources Holdings Limited (ASX:NMR) Non-Executive & Independent Director, Philip Gardner, recently bought AU$90k worth of stock, for AU$0.13 per share. That purchase might not be huge but it did increase their holding by 17%.

See our latest analysis for Native Mineral Resources Holdings

Native Mineral Resources Holdings Insider Transactions Over The Last Year

Notably, that recent purchase by Non-Executive & Independent Director Philip Gardner was not the only time they bought Native Mineral Resources Holdings shares this year. Earlier in the year, they paid AU$0.22 per share in a AU$329k purchase. So it's clear an insider wanted to buy, even at a higher price than the current share price (being AU$0.10). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

Native Mineral Resources Holdings insiders may have bought shares in the last year, but they didn't sell any. They paid about AU$0.19 on average. This is nice to see since it implies that insiders might see value around current prices. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
insider-trading-volume

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 Native Mineral Resources Holdings Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It's great to see that Native Mineral Resources Holdings insiders own 65% of the company, worth about AU$7.0m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Native Mineral Resources Holdings Insiders?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Native Mineral Resources Holdings. Nice! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 5 warning signs for Native Mineral Resources Holdings (of which 4 are significant!) 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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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