Even if it's not a huge purchase, we think it was good to see that D. Appleby, the President of Tartisan Nickel Corp. (CSE:TN) recently shelled out CA$117k to buy stock, at CA$0.091 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 11%.
Check out our latest analysis for Tartisan Nickel
Tartisan Nickel Insider Transactions Over The Last Year
Notably, that recent purchase by D. Appleby is the biggest insider purchase of Tartisan Nickel shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$0.09). Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. D. Appleby was the only individual insider to buy over the year. We note that D. Appleby was also the biggest seller.
D. Appleby bought a total of 5.26m shares over the year at an average price of CA$0.067. You can see a visual depiction of insider transactions (by 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!
Tartisan Nickel is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership of Tartisan Nickel
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that Tartisan Nickel insiders own about CA$1.2m worth of shares (which is 13% of the company). We do generally prefer see higher levels of insider ownership.
So What Do The Tartisan Nickel Insider Transactions Indicate?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Tartisan Nickel insiders are expecting a bright future. Along with insider transactions, I recommend checking if Tartisan Nickel is growing revenue. This free chart of historic revenue and earnings should make that easy.
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, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.
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Insider Buying: The Tartisan Nickel Corp. (CSE:TN) President Just Bought CA$117k Worth Of Shares - Yahoo Finance
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