Yahoo Finance Trade Alert: The President Of Corsurex Resource Corp. (CSE:CRC), Adrian F. Hobkirk, Has Just Spent CA$100k Buying 1229% More Shares
Even if it's not a huge purchase, we think it was good to see that Adrian F. Hobkirk, the President of Corsurex Resource Corp. (CSE:CRC) recently shelled out CA$100k to buy stock, at CA$0.05 per share. Even though that isn't a massive buy, it did increase their holding by 1229%, which is a arguably a good sign.
View our latest analysis for Corsurex Resource
The Last 12 Months Of Insider Transactions At Corsurex Resource
In fact, the recent purchase by Adrian F. Hobkirk was the biggest purchase of Corsurex Resource shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is CA$0.055. 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 Corsurex Resource insiders decided to buy shares at close to current prices.
In the last twelve months insiders purchased 3.57m shares for CA$180k. On the other hand they divested 1171 shares, for CA$46.8. In total, Corsurex Resource insiders bought more than they sold over the last year. You can see the insider transactions (by 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!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Corsurex Resource
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. I reckon it's a good sign if insiders own a significant number of shares in the company. Based on our data, Corsurex Resource insiders have about 2.2% of the stock, worth approximately CA$38k. We prefer to see high levels of insider ownership.
So What Do The Corsurex Resource Insider Transactions Indicate?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Corsurex Resource insiders are reasonably well aligned, and optimistic for the future. 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. To that end, you should learn about the 2 warning signs we've spotted with Corsurex Resource (including 1 which is a bit unpleasant).
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.
