We wouldn’t blame Endeavour Mining plc (TSE:EDV) shareholders if they were a little worried about the fact that Pascal Bernasconi, the Executive Vice President of Public Affairs recently netted about CA$1.8m selling shares at an average price of CA$39.24. That diminished their holding by a very significant 88%, which arguably implies a strong desire to reallocate capital.
We’ve discovered 2 warning signs about Endeavour Mining. View them for free.
The Last 12 Months Of Insider Transactions At Endeavour Mining
Over the last year, we can see that the biggest insider sale was by the insider, Mark Morcombe, for CA$2.6m worth of shares, at about CA$33.10 per share. That means that an insider was selling shares at slightly below the current price (CA$38.42). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower…
