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Insiders Who Sold Troilus Mining Missed Out On 13% Stock Increase
Even though Troilus Mining Corp. (TSE:TLG) stock gained 13% last week, insiders who sold CA$230k worth of stock over the past year are probably better off. Selling at an average price of CA$1.88, which is higher than the current price, may have been the best move for these insiders because their investment would have been worth less now than when they sold.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
Troilus Mining Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the Executive Vice President of Projects, Denis Rivard, sold CA$173k worth of shares at a price of CA$1.82 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of CA$1.62. So it is hard to draw any strong conclusion from it.
In total, Troilus Mining insiders sold more than they bought over the last year. 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!
View our latest analysis for Troilus Mining
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
Insider Ownership Of Troilus Mining
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 3.3% of Troilus Mining shares, worth about CA$30m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Troilus Mining Tell Us?
It doesn't really mean much that no insider has traded Troilus Mining shares in the last quarter. Still, the insider transactions at Troilus Mining in the last 12 months are not very heartening. But it's good to see that insiders own shares in the company. 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. At Simply Wall St, we've found that Troilus Mining has 4 warning signs (3 are a bit concerning!) that deserve your attention before going any further with your analysis.
But note: Troilus Mining 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 of direct interests only, but not derivative transactions or indirect interests.
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