|Photo by Badreddine Farhi on Unsplash|
Jubilee Metals Group’s stock rose 13% this week, making shareholders happy. However, insiders who sold their stock in the past year didn’t benefit from this increase. If they had waited, they could have sold at higher prices and gained more value from their investment. Although we don’t recommend making decisions solely based on insider actions, it would be unwise to completely ignore them.
Insider Deals: A Year of Jubilee Metals Group’s Secrets
In the past year, there have been some insider transactions at Jubilee Metals Group. The largest sale was made by Nakedi Phosa, who holds a non-executive vice chairman position. He sold shares worth UK£225k at a price of around UK£0.15 per share. Generally, it’s not favorable to see insiders selling shares, but it’s more concerning if they sell at a lower price. Fortunately, in this case, the sale was made at a price higher than the current share price, which is UK£0.08. So it may not indicate much about insider confidence at present levels. Nakedi Phosa was the only insider who sold shares in the past year. During the same period, insiders bought 796.00k shares for UK£73k, but they also sold 1.50m shares worth UK£225k.
Who Owns Jubilee Metals Group? Insider Ownership Revealed
I like to check how many shares insiders own in a company because it tells me how connected they are to the company. It’s a positive sign if insiders own a considerable number of shares. According to our information, insiders own about 2.2% of Jubilee Metals Group shares, which is worth around UK£4.8m. However, there’s a chance that insiders may have an indirect interest through a more complicated arrangement. All in all, this ownership level isn’t very impressive, but it’s definitely better than having no insider ownership at all.
Insider Insights: What Does the Data Reveal About Jubilee Metals Group?
We’re not concerned about the lack of recent insider transactions at Jubilee Metals Group. However, the insider transactions and ownership don’t give us confidence to buy. Apart from keeping track of insider activities, it’s important to be aware of the risks associated with Jubilee Metals Group. We’ve identified three warning signs that you should consider to gain a better understanding of the company’s situation.