Insider Buyers Face an Additional Loss of AU$44k as Greenwing Resources Falls to AU$8.4m

January 23, 2025 05:22 PM AEDT | By Team Kalkine Media

Insider Buyers Face an Additional Loss of AU$44k as Greenwing Resources Falls to AU$8.4m

Recent Insider Transactions

Within the last year, Executive Director Peter Wright made the most significant purchase, acquiring shares worth AU$100k at AU$0.038 each. Even though the current share price is AU$0.035, this emphasizes a moment of optimism from the management side.

Interestingly, during this period, insiders didn't divest any shares. You can view detailed insider trading volumes and activities in the chart below for Greenwing Resources. The chart helps identify the buying trends of insiders over the last year.

Assessing Insider Interest

Notably, the past three months saw a minor purchase from Mr. Wright, who invested AU$8.1k in shares. While recent acquisition volumes were minimal, the absence of recent sales remains a positive indicator.

Insider Ownership Overview

Insiders hold a 26% stake in Greenwing Resources, amounting to approximately AU$2.2 million. This significant insider ownership suggests there is some alignment between management and the interests of smaller investors.

Conclusion

The insider transactions observed in Greenwing Resources suggest an optimistic outlook, as there have been recent purchases without any sales. Despite initial setbacks in share value, the commitment from insiders signals trust in the company's future potential. However, it's important for investors to also consider potential risks, as Greenwing Resources shows four warning signs in our investment analysis.

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