Insider Stock Buying Of JX Luxventure Group Delivers Return On US$7.74m Investment
Insiders who bought JX Luxventure Group Inc. (NASDAQ:JXG) in the last 12 months may probably not pay attention to the stock's recent 10% drop. Reason being, despite the recent loss, insiders original purchase value of US$7.74m is now worth US$16.8m.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
JX Luxventure Group Insider Transactions Over The Last Year
The CEO, Co-Chairwoman of the Board & Interim CFO Sun Lei made the biggest insider purchase in the last 12 months. That single transaction was for US$6.3m worth of shares at a price of US$2.99 each. Even though the purchase was made at a significantly lower price than the recent price (US$6.98), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Sun Lei bought 2.40m shares over the last 12 months at an average price of US$3.23. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Check out our latest analysis for JX Luxventure Group
JX Luxventure Group 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 JX Luxventure Group
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. JX Luxventure Group insiders own 44% of the company, currently worth about US$38m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At JX Luxventure Group Tell Us?
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. Judging from their transactions, and high insider ownership, JX Luxventure Group insiders feel good about the company's future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing JX Luxventure Group. Case in point: We've spotted 3 warning signs for JX Luxventure Group you should be aware of, and 1 of them is concerning.
Of course JX Luxventure Group 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.
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