Anyone interested in K92 Mining Inc. (TSE:KNT) should probably be aware that the Independent Director, Mark Eaton, recently divested CA$656k worth of shares in the company, at an average price of CA$13.11 each. The eyebrow raising move amounted to a reduction of 23% in their holding.
Our free stock report includes 2 warning signs investors should be aware of before investing in K92 Mining. Read for free now.
K92 Mining Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the CEO & Director, John Lewins, for CA$3.8m worth of shares, at about CA$9.88 per share. So it’s clear an insider wanted to take some cash off the table, even below the current price of CA$13.44. 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 reasonable. While…
