We wouldn’t blame Triple Flag Precious Metals Corp. (TSE:TFPM) shareholders if they were a little worried about the fact that Geoffrey Burns, the Independent Director recently netted about CA$2.5m selling shares at an average price of CA$23.03. However, it’s crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 6.2%.
Check out our latest analysis for Triple Flag Precious Metals
Triple Flag Precious Metals Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the insider, Shaun Usmar, sold CA$3.4m worth of shares at a price of CA$21.34 per share. So it’s clear an insider wanted to take some cash off the table, even below the current price of CA$21.82. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower…
