Some NGEx Minerals Ltd. (TSE:NGEX) shareholders may be a little concerned to see that the Independent Director, Axel Lundin, recently sold a substantial CA$1.6m worth of stock at a price of CA$8.19 per share. That’s a big disposal, and it decreased their holding size by 41%, which is notable but not too bad.
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NGEx Minerals Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Independent Director Adam Lundin bought CA$2.9m worth of shares at a price of CA$6.50 per share. We do like to see buying, but this purchase was made at well below the current price of CA$8.32. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn’t tell us much about what they think of current prices.
Happily, we note that in the last year insiders paid CA$4.4m for 966.50k shares. On the…
