Yahoo Finance Philip Reese Just Bought 17% More Shares In Manas Resources Limited (ASX:MSR)
Potential Manas Resources Limited (ASX:MSR) shareholders may wish to note that insider Philip Reese recently bought AU$200k worth of stock, paying AU$0.006 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 17%.
See our latest analysis for Manas Resources
The Last 12 Months Of Insider Transactions At Manas Resources
Notably, that recent purchase by Philip Reese is the biggest insider purchase of Manas Resources shares that we've seen in the last year. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of AU$0.012. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Philip Reese bought a total of 81.36m shares over the year at an average price of AU$0.0038. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Manas Resources is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Manas Resources Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 14% of Manas Resources shares, worth about AU$4.8m, according to our data. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
What Might The Insider Transactions At Manas Resources Tell Us?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Manas Resources insiders are expecting a bright 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. To help with this, we've discovered 4 warning signs (1 shouldn't be ignored!) that you ought to be aware of before buying any shares in Manas Resources.
Of course Manas Resources 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. 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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