We’d be surprised if Fortuna Mining Corp. (TSE:FVI) shareholders haven’t noticed that the Co-Founder, Jorge Ganoza Durant, recently sold CA$330k worth of stock at CA$7.33 per share. However, the silver lining is that the sale only reduced their total holding by 2.1%, so we’re hesitant to read anything much into it, on its own.
See our latest analysis for Fortuna Mining
The Last 12 Months Of Insider Transactions At Fortuna Mining
In fact, the recent sale by Co-Founder Jorge Ganoza Durant was not their only sale of Fortuna Mining shares this year. Earlier in the year, they fetched CA$5.42 per share in a -CA$2.4m sale. That means that even when the share price was below the current price of CA$6.89, an insider wanted to cash in some shares. 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 price to be…
