RE:Insiders still buying Inventus Mining Corp. (CVE:IVS) insiders who bought shares over the past year were rewarded handsomely last week. The stock rose 100%, resulting in a CA$7.6m rise in the company's market capitalisation. Put another way, the original CA$496k acquisition is now worth CA$858k.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for Inventus Mining
Inventus Mining Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when insider Robert McEwen bought CA$400k worth of shares at a price of CA$0.05 per share. Even though the purchase was made at a significantly lower price than the recent price (CA$0.09), we still think insider buying is a positive. 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.
Over the last year, we can see that insiders have bought 9.54m shares worth CA$496k. On the other hand they divested 4.00k shares, for CA$240. In total, Inventus Mining insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below