Collective Mining Ltd. (TSE:CNL) insiders who bought shares over the past year were rewarded handsomely last week. The stock rose 11%, resulting in a CA$43m rise in the company’s market capitalisation, translating to a gain of 26% on their initial investment. As a result, the stock they originally bought for US$794.9k is now worth US$1.00m.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for Collective Mining
The Last 12 Months Of Insider Transactions At Collective Mining
The insider Pasquale DiCapo made the biggest insider purchase in the last 12 months. That single transaction was for CA$250k worth of shares at a price of CA$5.00 each. That means that an insider was happy to buy shares at around the current price of CA$5.42. That means they have…
