Insiders Sold Cordoba Minerals At CA$1.43, Meanwhile Stock Sits Near CA$0.23
Despite the fact that Cordoba Minerals Corp.'s (CVE:CDB) value has dropped 10.0% in the last week insiders who sold CA$73k worth of stock in the past 12 months have had less success. Insiders might have been better off holding onto their shares, given that the average selling price of CA$1.43 is still below the current share price.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
The Last 12 Months Of Insider Transactions At Cordoba Minerals
The Independent Director, Diane Nicolson, made the biggest insider sale in the last 12 months. That single transaction was for CA$73k worth of shares at a price of CA$1.43 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (CA$0.23). So it may not shed much light on insider confidence at current levels. The only individual insider seller over the last year was Diane Nicolson.
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!
Check out our latest analysis for Cordoba Minerals
For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.
Does Cordoba Minerals 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. Based on our data, Cordoba Minerals insiders have about 1.8% of the stock, worth approximately CA$396k. We consider this fairly low insider ownership.
So What Do The Cordoba Minerals Insider Transactions Indicate?
It doesn't really mean much that no insider has traded Cordoba Minerals shares in the last quarter. The insider transactions at Cordoba Minerals are not inspiring us to buy. And usually insiders own more stock in the company, according to our data. 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. Every company has risks, and we've spotted 4 warning signs for Cordoba Minerals (of which 2 shouldn't be ignored!) 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.