Yahoo Finance One West Cobar Metals Limited (ASX:WC1) insider upped their stake by 5.9% in the previous year
Looking at West Cobar Metals Limited's (ASX:WC1 ) insider transactions over the last year, we can see that insiders were net buyers. That is, there were more number of shares purchased by insiders than there were sold.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
Check out our latest analysis for West Cobar Metals
West Cobar Metals Insider Transactions Over The Last Year
There wasn't any very large single transaction over the last year, but we can still observe some trading.
Ronald Roberts bought a total of 400.00k shares over the year at an average price of AU$0.19. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
West Cobar Metals is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Have West Cobar Metals Insiders Traded Recently?
We saw insider selling worth AU$14k in the last three months. However that only slightly eclipses the AU$12k worth of purchases. Ultimately the overall selling isn't enough to tell us much.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 39% of West Cobar Metals shares, worth about AU$2.4m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The West Cobar Metals Insider Transactions Indicate?
Our data shows a little more insider selling than buying in the last three months. But the difference isn't enough to have us worried. On a brighter note, the transactions over the last year are encouraging. Insiders own shares in West Cobar Metals and we see no evidence to suggest they are worried about the future. 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. While conducting our analysis, we found that West Cobar Metals has 3 warning signs and it would be unwise to ignore these.
But note: West Cobar Metals may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.
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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.
