Franklyn Brazil Buys Handful Of Shares In Aurelia Metals

Those following along with Aurelia Metals Limited (ASX:AMI) will no doubt be intrigued by the recent purchase of shares by Franklyn Brazil, Non-Executive Director of the company, who spent a stonking AU$1.7m on stock at an average price of AU$0.43. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 1.0%.

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The Last 12 Months Of Insider Transactions At Aurelia Metals

Notably, that recent purchase by Franklyn Brazil is the biggest insider purchase of Aurelia Metals shares that we've seen in the last year. We do like to see buying, but this purchase was made at well below the current price of AU$0.48. 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.

The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See our latest analysis for Aurelia Metals

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Insider Ownership Of Aurelia Metals

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Aurelia Metals insiders own 28% of the company, worth about AU$234m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Aurelia Metals Tell Us?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Aurelia Metals. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Aurelia Metals. Every company has risks, and we've spotted 1 warning sign for Aurelia Metals you should know about.

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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 of direct interests only, but not derivative transactions or indirect interests.

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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.