Even if it’s not a huge purchase, we think it was good to see that Jack O. Lundin, the President of Lundin Mining Corporation (TSE:LUN) recently shelled out CA$100k to buy stock, at CA$12.48 per share. Although the purchase is not a big one, increasing their shareholding by only 1.6%, it can be interpreted as a good sign.
Check out our latest analysis for Lundin Mining
The Last 12 Months Of Insider Transactions At Lundin Mining
Over the last year, we can see that the biggest insider purchase was by Chairman of the Board Adam Lundin for CA$993k worth of shares, at about CA$13.23 per share. That means that an insider was happy to buy shares at above the current price of CA$12.46. It’s very possible they regret the purchase, but it’s more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the…
