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As Brixton Metals Corporation's (CVE:BBB) market cap increased CA$12m, insiders who bought last year may be reflecting on buying more

Brixton Metals Corporation (CVE:BBB) insiders who bought shares over the past year were rewarded handsomely last week. The stock rose 18%, resulting in a CA$12m rise in the company's market capitalisation. Put another way, the original CA$495k acquisition is now worth CA$674k.

Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Brixton Metals

Brixton Metals Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by Independent Director Ian Ball for CA$300k worth of shares, at about CA$0.20 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$0.26. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

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Over the last year, we can see that insiders have bought 2.59m shares worth CA$495k. On the other hand they divested 1.00m shares, for CA$180k. In the last twelve months there was more buying than selling by Brixton Metals insiders. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
insider-trading-volume

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership Of Brixton Metals

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. From looking at our data, insiders own CA$2.2m worth of Brixton Metals stock, about 2.8% of the company. I generally like to see higher levels of ownership.

So What Does This Data Suggest About Brixton Metals Insiders?

There haven't been any insider transactions in the last three months -- that doesn't mean much. But insiders have shown more of an appetite for the stock, over the last year. We'd like to see bigger individual holdings. However, we don't see anything to make us think Brixton Metals insiders are doubting the company. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To help with this, we've discovered 5 warning signs (3 are significant!) that you ought to be aware of before buying any shares in Brixton Metals.

But note: Brixton Metals may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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