Even though Prime Mining Corp. (TSE:PRYM) has fallen by 10% over the past week , insiders who sold CA$119k worth of stock over the past year have had less luck. The average selling price of CA$2.38 is still lower than the current share price, or in other words, insiders would have been better off holding on to their shares.
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.
View our latest analysis for Prime Mining
Prime Mining Insider Transactions Over The Last Year
The Technical Advisor & Independent Director, Kerry Sparkes, made the biggest insider sale in the last 12 months. That single transaction was for CA$119k worth of shares at a price of CA$2.41 each. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took…
