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In the past year, the largest insider transaction at World Copper (TSX:WCU) was made by Director Robert Kopple, who acquired shares worth CA$1.0 million at a price of CA$0.07 per share. Although this purchase was made at a price lower than the current value of CA$0.09, insider buying is generally viewed as a positive indicator. However, because the shares were acquired at a lower price, this transaction doesn't offer much insight into insiders' views on the current share price.
Over the last year, insiders collectively spent CA$1.4 million to acquire 18.49 million shares. In contrast, insiders sold 1.80 million shares, valued at CA$180,000. Overall, World Copper insiders were net buyers during this period. The chart below details insider transactions over the last year, including individual transactions, share prices, and dates.
Recent Insider Activity at World Copper
Within the last three months, there has been notable insider activity at World Copper. Director Robert Kopple made additional purchases totaling CA$200,000, while Chairman Hendrik van Alphen sold shares worth CA$180,000. Although there was insider buying, the net amount bought is relatively small, making it difficult to draw strong conclusions from this activity.
Insider Ownership of World Copper
Examining the total insider shareholdings can provide valuable insight into how well insiders' interests align with those of other shareholders. In the case of World Copper, insiders own approximately 18% of the company, with a collective value of around CA$3.6 million. While this level of ownership suggests a reasonable degree of alignment, it falls just short of being particularly noteworthy.
What Does the Insider Data Suggest?
Recent insider transactions at World Copper have shown slightly more selling than buying, but the difference is minor and not particularly concerning. Over the last year, insiders have displayed a greater interest in acquiring shares. The level of insider ownership indicates that they hold a significant stake in the company, suggesting a reasonable alignment with other shareholders. While these insights into insider ownership and transactions are informative, they should be considered alongside the broader context of potential risks facing the company.
