Anthony Beruschi Buys Handful Of Shares In Rusoro Mining

Even if it's not a huge purchase, we think it was good to see that Anthony Beruschi, the Independent Director of Rusoro Mining Ltd. (CVE:RML) recently shelled out CA$82k to buy stock, at CA$1.08 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

Rusoro Mining Insider Transactions Over The Last Year

In fact, the recent purchase by Independent Director Anthony Beruschi was not their only trade of Rusoro Mining shares this year. Earlier in the year, they sold shares at a price ofCA$1.25 per share in a -CA$8.7m transaction. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (CA$1.00). So it may not shed much light on insider confidence at current levels.

In the last twelve months insiders purchased 765.90k shares for CA$794k. But insiders sold 16.78m shares worth CA$21m. Over the last year we saw more insider selling of Rusoro Mining shares, than buying. 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!

View our latest analysis for Rusoro Mining

I will like Rusoro Mining better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership Of Rusoro Mining

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. Insiders own 19% of Rusoro Mining shares, worth about CA$124m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Rusoro Mining Insiders?

Unfortunately, there has been more insider selling of Rusoro Mining stock, than buying, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Rusoro Mining. Be aware that Rusoro Mining is showing 5 warning signs in our investment analysis, and 4 of those are 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 of direct interests only, but not derivative transactions or indirect interests.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.