Additional Non-Executive Director Zuliang Wei Sold A Bunch Of Shares In AuKing Mining

Simply Wall St.02-15

We wouldn't blame AuKing Mining Limited (ASX:AKN) shareholders if they were a little worried about the fact that Zuliang Wei, the Additional Non-Executive Director recently netted about AU$900k ...

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That diminished their holding by a very significant 100%, which arguably implies a strong desire to reallocate capital.      Check out our latest analysis for AuKing Mining  The Last 12 Months Of Insider Transactions At AuKing Mining   Notably, that recent sale by Zuliang Wei is the biggest insider sale of AuKing Mining shares that we've seen in the last year.    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$0.031.  So it may not shed much light on insider confidence at current levels.    The chart below shows insider transactions (by companies and individuals) over the last year.  By clicking on the graph below, you can see the precise details of each insider transaction! ASX:AKN Insider Trading Volume February 14th 2024 If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).   Does AuKing Mining Boast High Insider Ownership?  Many investors like to check how much of a company is owned by insiders.  I reckon it's a good sign if insiders own a significant number of shares in the company.   AuKing Mining insiders own about AU$1.2m worth of shares. That equates to 17% of the company.  We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.   So What Do The AuKing Mining Insider Transactions Indicate?  An insider  sold AuKing Mining shares recently, but they didn't buy any.     And even if we look at the last year, we didn't see any purchases.    While insiders do own shares, they don't own a heap, and they have been selling.  We'd practice some caution before buying!      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 6 warning signs for AuKing Mining (3 shouldn't be ignored!) that we believe deserve your full attention.   Of course AuKing Mining may not be the best stock to buy. So you may wish to see this free collection of high quality companies. 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 AuKing Mining 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. 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