Insider Spends US$978k Buying More Shares In International Battery Metals

International Battery Metals Ltd. (CVE:IBAT) shareholders (or potential shareholders) will be happy to see that the Director, Jacob Warnock, recently bought a whopping CA$978k worth of stock, at a price of CA$0.42. While that only increased their holding size by 3.5%, it is still a big swing by our standards.

Our free stock report includes 5 warning signs investors should be aware of before investing in International Battery Metals. Read for free now.

The Last 12 Months Of Insider Transactions At International Battery Metals

In fact, the recent purchase by Jacob Warnock was the biggest purchase of International Battery Metals shares made by an insider individual in the last twelve months, according to our records. We do like to see buying, but this purchase was made at well below the current price of CA$0.55. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

Jacob Warnock purchased 3.35m shares over the year. The average price per share was CA$0.34. 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!

View our latest analysis for International Battery Metals

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Does International Battery Metals Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. International Battery Metals insiders own about CA$44m worth of shares. That equates to 33% 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.

What Might The Insider Transactions At International Battery Metals Tell Us?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Given that insiders also own a fair bit of International Battery Metals 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 International Battery Metals. For example, International Battery Metals has 5 warning signs (and 3 which shouldn't be ignored) we think you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.

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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.