Some Silvercorp Metals Inc. (TSE:SVM) shareholders may be a little concerned to see that the Chairman & CEO, Rui Feng, recently sold a substantial CA$893k worth of stock at a price of CA$5.96 per share. However, that sale only accounted for 2.3% of their holding, so arguably it doesn’t say much about their conviction.
The Last 12 Months Of Insider Transactions At Silvercorp Metals
In fact, the recent sale by Rui Feng was the biggest sale of Silvercorp Metals shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of CA$5.79. We generally don’t like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it’s not too bad (but it’s still not a positive).
Over the last year we saw more insider selling of Silvercorp…
