We’d be surprised if New Pacific Metals Corp. (TSE:NUAG) shareholders haven’t noticed that the Vice President of Exploration, Yongming Zhang, recently sold CA$185k worth of stock at CA$3.69 per share. On the bright side, that sale was only 7.2% of their holding, so we doubt it’s very meaningful, on its own.
New Pacific Metals Insider Transactions Over The Last Year
In fact, the recent sale by Yongming Zhang was the biggest sale of New Pacific Metals shares made by an insider individual in the last twelve months, according to our records. So it’s clear an insider wanted to take some cash off the table, even below the current price of CA$3.91. 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…
