Bullish Abasca Resources Insider Buying Worth CA$6.06m Yet To Pay Off

Insiders who acquired CA$6.06m worth of Abasca Resources Inc.'s (CVE:ABA) stock at an average price of CA$0.16 in the past 12 months may be dismayed by the recent 23% price decline. Insiders invest with the hopes of seeing their money grow in value over time. However, as a result of recent losses, their initial investment is now only worth CA$4.57m, which is not what they expected. While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year.

See the full list for free. The Last 12 Months Of Insider Transactions At Abasca Resources In fact, the recent purchase by CEO, President & Director Dawn Zhou was not their only acquisition of Abasca Resources shares this year. Earlier in the year, they paid CA$0.16 per share in a CA$2.4m purchase. That means that an insider was happy to buy shares at above the current price of CA$0.12. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

While Abasca Resources insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! View our latest analysis for Abasca Resources TSXV:ABA Insider Trading Volume June 13th 2025 Abasca Resources is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Insiders At Abasca Resources Have Bought Stock Recently Over the last quarter, Abasca Resources insiders have spent a meaningful amount on shares. In total, insiders bought CA$1.6m worth of shares in that time, and we didn't record any sales whatsoever. That shows some optimism about the company's future. Does Abasca Resources Boast High Insider Ownership? I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Abasca Resources insiders own about CA$10m worth of shares (which is 67% of the company).

Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders. Story Continues So What Does This Data Suggest About Abasca Resources Insiders? It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Abasca Resources. Looks promising! 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.

At Simply Wall St, we've found that Abasca Resources has 4 warning signs (3 don't sit too well with us!) that deserve your attention before going any further with your analysis. But note: Abasca Resources may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.

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Simply Wall St has no position in any stocks mentioned.