Elemental Altus Royalties CEO & Executive Director Acquires 2.3% More Stock

Even if it's not a huge purchase, we think it was good to see that Frederick Augustus Ronald Peter Bell, the CEO & Executive Director of Elemental Altus Royalties Corp. (CVE:ELE) recently shelled out CA$73k to buy stock, at CA$1.01 per share. Although the purchase is not a big one, increasing their shareholding by only 2.3%, it can be interpreted as a good sign.

View our latest analysis for Elemental Altus Royalties

The Last 12 Months Of Insider Transactions At Elemental Altus Royalties

Notably, that recent purchase by Frederick Augustus Ronald Peter Bell is the biggest insider purchase of Elemental Altus Royalties shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of CA$1.05. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Elemental Altus Royalties insiders decided to buy shares at close to current prices.

While Elemental Altus Royalties 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!

Elemental Altus Royalties is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insider Ownership Of Elemental Altus Royalties

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 5.9% of Elemental Altus Royalties shares, worth about CA$12m, according to our data. We do generally prefer see higher levels of insider ownership.

So What Does This Data Suggest About Elemental Altus Royalties Insiders?

The recent insider purchases are heartening. 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. Given that insiders also own a fair bit of Elemental Altus Royalties we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Elemental Altus Royalties. Every company has risks, and we've spotted 2 warning signs for Elemental Altus Royalties (of which 1 doesn't sit too well with us!) you should know about.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.

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.