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Potential Alta Zinc Limited (ASX:AZI) shareholders may wish to note that the Executive Chairman, Alexander Burns, recently bought AU$300k worth of stock, paying AU$0.004 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 24%.
View our latest analysis for Alta Zinc
Alta Zinc Insider Transactions Over The Last Year
Notably, that recent purchase by Alexander Burns is the biggest insider purchase of Alta Zinc shares that we've seen in the last year. Even though the purchase was made at a significantly lower price than the recent price (AU$0.006), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
While Alta Zinc insiders bought shares during the last year, they didn't sell. 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!
Alta Zinc is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Alta Zinc Boast High Insider Ownership?
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. Alta Zinc insiders own about AU$3.7m worth of shares. That equates to 22% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Alta Zinc Insider Transactions Indicate?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest Alta Zinc insiders are well aligned, and that they may think the share price is too low. 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. Our analysis shows 4 warning signs for Alta Zinc (1 makes us a bit uncomfortable!) and we strongly recommend you look at these before investing.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.