obviously the results have caught the MD by surprise. As he was recently off loading some share ?? Wouldn’t he be pissed off See below:
This Insider Has Just Sold Shares In Stavely Minerals Limited (ASX:SVY) Simply Wall St September 11, 2019Investors may wish to note that the Executive Chairman & MD of Stavely Minerals Limited, Christopher Cairns, recently netted AU$103k from selling stock, receiving an average price of AU$0.21. However we note that the sale only shrunk their holding by 4.8%.Check out our latest analysis for Stavely MineralsStavely Minerals Insider Transactions Over The Last YearIn fact, the recent sale by Executive Chairman & MD Christopher Cairns was not their only sale of Stavely Minerals shares this year. They previously made an even bigger sale of -AU$103.0k worth of shares at a price of AU$0.21 per share. So what is clear is that an insider saw fit to sell at around the current price of AU$0.18. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn’t a major concern, though it’s hardly a good sign.Christopher Cairns sold a total of 827k shares over the year at an average price of AU$0.24. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
SVY Price at posting:
89.0¢ Sentiment: None Disclosure: Not Held
