We note that the Belo Sun Mining Corp (TSE:BSX) Executive Chairman, Mark Eaton, recently sold CA$90k worth of stock for CA$0.25 per share. However we note that the sale only shrunk their holding by 3.0%.
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The Last 12 Months Of Insider Transactions At Belo Sun Mining
In fact, the recent sale by Mark Eaton was the biggest sale of Belo Sun Mining shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at slightly below the current price (CA$0.26). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it’s only a weak signal. This single sale was just 3.0% of Mark Eaton’s stake.
You can see a visual…
