Insider Stock Buyers at Alexium International Group Recovered Losses this Week
Insiders at Alexium International Group Limited (ASX:AJX) bought $357.8k worth of stock in the past year, and they finally saw some gains last week as the stock rose by 10.0%. However, it hasn’t been all smooth sailing, as insiders have faced losses totaling $55k since their purchases.
It’s worth noting that while insider transactions shouldn’t be the sole basis for investment decisions, keeping an eye on whether insiders are buying or selling shares can provide valuable insight into the company’s prospects.
One significant insider purchase worth highlighting is by CEO, MD, & Director William Blackburn, who bought AU$156k worth of shares at around AU$0.013 per share. This indicates confidence in the company, even at a higher price compared to the current market value of AU$0.011.
In the last year, we’ve seen insiders at Alexium International Group buying shares without selling any. This positive trend can be a good indicator for investors. Insider ownership stands at 11% of the company, valued at about AU$1.9m, which suggests alignment with shareholder interests.
While recent insider transactions have been quiet, the year-long trend of buying suggests optimism from insiders. However, it would be reassuring to see larger individual holdings. It’s always smart to consider the risks involved with any investment, so be sure to look into Alexium International Group’s potential warning signs before making any decisions.
This article is intended to provide general analysis based on historical data and analyst forecasts, and should not be considered financial advice. Remember, our analysis may not include the most up-to-date company announcements or other qualitative information, so it’s important to do your own research. If you have any feedback or concerns about the content, feel free to get in touch with us directly. Thank you for reading!
