Positive Signs As Multiple Insiders Buy Talisker Resources Stock
When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Talisker Resources Ltd.'s (TSE:TSK) instance, it's good news for shareholders.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for Talisker Resources
Talisker Resources Insider Transactions Over The Last Year
The President Terence Harbort made the biggest insider purchase in the last 12 months. That single transaction was for CA$200k worth of shares at a price of CA$0.30 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$0.49. 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.
In the last twelve months insiders purchased 1.07m shares for CA$341k. On the other hand they divested 261.62k shares, for CA$82k. Overall, Talisker Resources insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Talisker Resources is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From looking at our data, insiders own CA$2.1m worth of Talisker Resources stock, about 4.8% of the company. We prefer to see high levels of insider ownership.
So What Does This Data Suggest About Talisker Resources Insiders?
There haven't been any insider transactions in the last three months -- that doesn't mean much. But insiders have shown more of an appetite for the stock, over the last year. While we have no worries about the insider transactions, we'd be more comfortable if they owned more Talisker Resources stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Talisker Resources. To help with this, we've discovered 5 warning signs (3 are concerning!) that you ought to be aware of before buying any shares in Talisker Resources.
Of course Talisker Resources may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com