We’d be surprised if First Quantum Minerals Ltd. (TSE:FM) shareholders haven’t noticed that an insider, Zenon Wozniak, recently sold CA$497k worth of stock at CA$11.04 per share. That sale was 23% of their holding, so it does make us raise an eyebrow.
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First Quantum Minerals Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the Chief Operating Officer, Rudi Badenhorst, for CA$2.8m worth of shares, at about CA$35.83 per share. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of CA$10.39. So it is hard to draw any strong conclusion from it.
First Quantum Minerals insiders didn’t buy any shares over the last year. You can see a visual depiction of insider transactions (by…
