We note that the Orla Mining Ltd. (TSE:OLA) Independent Non-Executive Director, George Albino, recently sold CA$103k worth of stock for CA$4.80 per share. However we note that the sale only shrunk their holding by 8.7%.
The Last 12 Months Of Insider Transactions At Orla Mining
Notably, that recent sale by Independent Non-Executive Director George Albino was not the only time they sold Orla Mining shares this year. They previously made an even bigger sale of -CA$1.8m worth of shares at a price of CA$5.94 per share. 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$4.91). So it may not shed much light on insider confidence at current levels.
Over the last year we saw more insider selling of Orla Mining shares, than buying. 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!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Orla Mining insiders own 14% of the company, currently worth about CA$168m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At Orla Mining Tell Us?
Insiders sold stock recently, but they haven’t been buying. Zooming out, the longer term picture doesn’t give us much comfort. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn’t make us feel confident about the company. While we like knowing 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. Be aware that Orla Mining is showing 4 warning signs in our investment analysis, and 1 of those shouldn’t be ignored…
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.
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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. 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.
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