Talamore Mining Vice-President of Sustainability & External Relations Jennifer Gjertsen Sells 84% Of Holding
We'd be surprised if Talamore Mining Corp. (TSE:TALA) shareholders haven't noticed that the Vice-President of Sustainability & External Relations, Jennifer Gjertsen, recently sold CA$398k worth of stock at CA$9.31 per share. In particular, we note that the sale equated to a 84% reduction in their position size, which doesn't exactly instill confidence.
The Last 12 Months Of Insider Transactions At Talamore Mining
Over the last year, we can see that the biggest insider purchase was by insider Pierre Lassonde for CA$13m worth of shares, at about CA$4.35 per share. We do like to see buying, but this purchase was made at well below the current price of CA$9.41. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
In the last twelve months insiders purchased 3.80m shares for CA$16m. But insiders sold 171.69k shares worth CA$1.7m. In the last twelve months there was more buying than selling by Talamore Mining insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
View our latest analysis for Talamore Mining
Talamore Mining 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 Of Talamore Mining
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Talamore Mining insiders own about CA$243m worth of shares (which is 17% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Talamore Mining Tell Us?
Unfortunately, there has been more insider selling of Talamore Mining stock, than buying, in the last three months. But we take heart from prior transactions. On top of that, insiders own a significant portion of the company. So we're not too bothered by recent selling. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 4 warning signs for Talamore Mining you should be aware of, and 2 of them are a bit concerning.
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.