With Encounter Resources Up 11%, Insider Buyers Count Their Returns

Simply Wall St.06-22

Encounter Resources Limited (ASX:ENR) insiders who bought shares over the past year were rewarded handsomely last week. The stock rose 11%, resulting in a AU$16m rise in the company's market ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2445797570?lang=en_US&edition=fundamental","thumbnail":"https://images.simplywall.st/asset/industry/2052000-choice1-main-header/1585186836557","is_english":true,"pubTime":"2024-06-22 04:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2445797570","market":"sg","top_or_hot":-1,"title":"With Encounter Resources Up 11%, Insider Buyers Count Their Returns","media":"Simply Wall St.","content":"<div>\n<p>Encounter Resources Limited (ASX:ENR) insiders who bought shares over the past year were rewarded handsomely last week. The stock rose 11%, resulting in a AU$16m rise in the company's market ...</p>\n\n<a href=\"https://simplywall.st/stocks/au/materials/asx-enr/encounter-resources-shares/news/with-encounter-resources-up-11-insider-buyers-count-their-re\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>With Encounter Resources Up 11%, Insider Buyers Count Their Returns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWith Encounter Resources Up 11%, Insider Buyers Count Their Returns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-22 04:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/au/materials/asx-enr/encounter-resources-shares/news/with-encounter-resources-up-11-insider-buyers-count-their-re><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Encounter Resources Limited (ASX:ENR) insiders who bought shares over the past year were rewarded handsomely last week. The stock rose 11%, resulting in a AU$16m rise in the company's market ...</p>\n\n<a href=\"https://simplywall.st/stocks/au/materials/asx-enr/encounter-resources-shares/news/with-encounter-resources-up-11-insider-buyers-count-their-re\">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":"ENR","symbol_name":"劲量控股","start_time":0,"source_url":"https://simplywall.st/stocks/au/materials/asx-enr/encounter-resources-shares/news/with-encounter-resources-up-11-insider-buyers-count-their-re","article_id":"2445797570","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/2052000-choice1-main-header/1585186836557"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2445797570","pubTimestamp":1719000775,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Encounter Resources Limited ( ASX:ENR ) insiders who bought shares over the past year were rewarded handsomely last...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"ENR":"劲量控股","ENR.AU":"ENCOUNTER RESOURCES LTD","BK4018":"居家用品","BK7095":"多种金属与采矿"},"translate_title":"Encounter Resources上涨11%，内部买家计算回报","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ENR.AU":1,"ENR":0.9},"content_text":"Encounter Resources Limited (ASX:ENR) insiders who bought shares over the past year were rewarded handsomely last week. The stock rose 11%, resulting in a AU$16m rise in the company's market capitalisation, translating to a gain of 57% on their initial investment.  As a result, the stock they originally bought for AU$396.0k is now worth AU$621.0k.     While insider transactions are not the most important thing when it comes to long-term investing,  we would consider it foolish to ignore insider transactions altogether.   View our latest analysis for Encounter Resources  The Last 12 Months Of Insider Transactions At Encounter Resources   Over the last year, we can see that the biggest insider purchase was by Independent Non-Executive Director Philip Crutchfield for AU$396k worth of shares, at about AU$0.22 per share.   We do like to see buying, but this purchase was made at well below the current price of AU$0.34.  Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.     You can see a visual depiction of insider transactions (by companies and 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! ASX:ENR Insider Trading Volume June 21st 2024 Encounter Resources is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.  Does Encounter Resources Boast High Insider Ownership?  Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own.  I reckon it's a good sign if insiders own a significant number of shares in the company.   Encounter Resources insiders own about AU$22m worth of shares. That equates to 14% 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 Encounter Resources Insider Transactions Indicate?  It's certainly positive to see the recent insider purchase.    We also take confidence from the longer term picture of insider transactions.   However, we note that the company didn't make a profit over the last twelve months, which makes us cautious.    When combined with notable insider ownership, these factors suggest Encounter Resources insiders are well aligned, and that they may think the share price is too low.      While it's good to be aware of 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 that end, you should learn about the 3 warning signs we've spotted with Encounter Resources (including 1 which makes us a bit uncomfortable).  Of course Encounter Resources 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 Encounter 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.Valuation is complex, but we're helping make it simple.Find out whether Encounter 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@simplywallst.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"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":"4.24.2","shortVersion":"4.24.2","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/2445797570"}