Despite Hitting AU$0.05, Firetail Resources Insiders Still Sold Too Soon

Simply Wall St.02-07

Despite the fact that Firetail Resources Limited's (ASX:FTL) value has dropped 15% in the last week insiders who sold AU$240k worth of stock in the past 12 months have had less success. The average ...

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The average ...</p>\n\n<a href=\"https://simplywall.st/stocks/au/materials/asx-ftl/firetail-resources-shares/news/despite-hitting-au005-firetail-resources-insiders-still-sold\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7095","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://simplywall.st/stocks/au/materials/asx-ftl/firetail-resources-shares/news/despite-hitting-au005-firetail-resources-insiders-still-sold","article_id":"2409123288","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/2052000-choice2-main-header/1585186553865"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2409123288","pubTimestamp":1707252868,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Despite the fact that Firetail Resources Limited's (ASX:FTL) value has dropped 15% in the last week insiders who sold...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7095":"多种金属与采矿","FTL.AU":"FIRETAIL RESOURCES LTD"},"translate_title":"尽管触及0.05澳元，Firetail Resources内部人士仍过早抛售","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FTL.AU":1},"content_text":"Despite the fact that Firetail Resources Limited's (ASX:FTL) value has dropped 15% in the last week insiders who sold AU$240k worth of stock in the past 12 months have had less success.  The average selling price of AU$0.08 is still lower than the current share price, or in other words, insiders would have been better off holding on to their shares.     While insider transactions are not the most important thing when it comes to long-term investing,  we do think it is perfectly logical to keep tabs on what insiders are doing.   Check out our latest analysis for Firetail Resources  The Last 12 Months Of Insider Transactions At Firetail Resources   Over the last year, we can see that the biggest insider sale was by the insider, Paul Byrne, for AU$240k worth of shares, at about AU$0.08 per share.   While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price.  The good news is that this large sale was at well above current price of AU$0.05.  So it may not shed much light on insider confidence at current levels.    The only individual insider seller over the last year was Paul Byrne.     The chart below shows insider transactions (by companies and individuals) over the last year.  If you want to know exactly who sold, for how much, and when, simply click on the graph below! ASX:FTL Insider Trading Volume February 6th 2024 I will like Firetail Resources better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.   Insider Ownership Of Firetail Resources  For a common shareholder, it is worth checking how many shares are held by company insiders.  A high insider ownership often makes company leadership more mindful of shareholder interests.   Insiders own 19% of Firetail Resources shares, worth about AU$1.4m.  While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.   So What Does This Data Suggest About Firetail Resources Insiders?  It doesn't really mean much that no insider has traded Firetail Resources shares in the last quarter.      Still, the insider transactions at Firetail Resources in the last 12 months are not very heartening.   The modest level of insider ownership is, at least, some comfort.      So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing.    When we did our research, we found 4 warning signs for Firetail Resources (3 are a bit concerning!) that we believe deserve your full attention.   If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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 of direct interests only, but not derivative transactions or indirect interests.Valuation is complex, but we're helping make it simple.Find out whether Firetail Resources is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free AnalysisHave 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.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2409123288"}