The MD, CEO & Executive Director of Copper Search Limited (ASX:CUS), Peter McIntyre, Just Bought 16% More Shares
Potential Copper Search Limited (ASX:CUS) shareholders may wish to note that the MD, CEO & Executive Director, Peter McIntyre, recently bought AU$147k worth of stock, paying AU$0.26 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 16%.
Check out our latest analysis for Copper Search
Copper Search Insider Transactions Over The Last Year
Notably, that recent purchase by Peter McIntyre is the biggest insider purchase of Copper Search shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of AU$0.28. 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. 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. The good news for Copper Search share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Peter McIntyre.
Peter McIntyre purchased 615.24k shares over the year. The average price per share was AU$0.27. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Copper Search 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 of Copper Search
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Copper Search insiders own about AU$4.6m worth of shares. That equates to 20% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Copper Search 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. But we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest Copper Search insiders are well aligned, and that they may think the share price is too low. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we've found that Copper Search has 2 warning signs (1 makes us a bit uncomfortable!) that deserve your attention before going any further with your analysis.
Of course Copper Search 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.
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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.