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Whilst it may not be a huge deal, we thought it was good to see that the Oriole Resources PLC (LON:ORR) Independent Non-Executive Chair, Eileen Carr, recently bought UK£40k worth of stock, for UK£0.003 per share. However, it only increased their shares held by 8.0%, and it wasn't a huge purchase by absolute value, either.
Check out our latest analysis for Oriole Resources
The Last 12 Months Of Insider Transactions At Oriole Resources
In fact, the recent purchase by Eileen Carr was the biggest purchase of Oriole Resources 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 UK£0.0032. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.
While Oriole Resources insiders bought shares during the last year, they didn't sell. 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!
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Oriole Resources Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 6.2% of Oriole Resources shares, worth about UK£772k, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Oriole Resources Insider Transactions Indicate?
Insider purchases may have been minimal, in the last three months, but there was no selling at all. The net investment is not enough to encourage us much. However, our analysis of transactions over the last year is heartening. The transactions are fine but it'd be more encouraging if Oriole Resources insiders bought more shares in the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Oriole Resources. Our analysis shows 4 warning signs for Oriole Resources (2 make us uncomfortable!) and we strongly recommend you look at them before investing.