Some Orla Mining Ltd. (TSE:OLA) shareholders may be a little concerned to see that the Independent Non-Executive Director, Timothy Haldane, recently sold a substantial CA$745k worth of stock at a price of CA$5.96 per share. Probably the most concerning element of the whole transaction is that the disposal amounted to 65% of their entire holding.
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The Last 12 Months Of Insider Transactions At Orla Mining
The Independent Non-Executive Director, Jean Robitaille, made the biggest insider sale in the last 12 months. That single transaction was for CA$1.6m worth of shares at a price of CA$6.48 each. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. It’s of some comfort that this sale was conducted at a price well above the current share price, which is CA$5.79. So it may not tell us anything about how insiders feel about…
