While RTG Mining Inc. (TSE:RTG) shareholders have enjoyed a good week with stock up 20%, they need remain vigilant. Even though stock prices were relatively low, insiders elected to sell US$1.6m worth of stock in the last year, which could indicate some expected downturn.
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.
The Last 12 Months Of Insider Transactions At RTG Mining
In the last twelve months, the biggest single sale by an insider was when the insider, Richard Hains, sold CA$1.6m worth of shares at a price of CA$0.025 per share. That means that an insider was selling shares at slightly below the current price (CA$0.03). When an insider sells below the…
