While K92 Mining Inc. (TSE:KNT) shareholders have enjoyed a good week with stock up 14%, they need remain vigilant. The fact that insiders chose to dispose of US$3.7m worth of stock in the past 12 months even though prices were relatively low could be indicative of some anticipated weakness.
Although we don’t think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
See our latest analysis for K92 Mining
K92 Mining Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the CEO & Director, John Lewins, for CA$3.0m worth of shares, at about CA$7.40 per share. That means that even when the share price was below the current price of CA$9.23, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that…
