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Last week, Sandfire Resources Limited (ASX:SFR) insiders, who had purchased shares in the previous 12 months were rewarded handsomely. The shares increased by 3.4% last week, resulting in a AU$84m increase in the company's market worth. In other words, the original US$176k purchase is now worth US$210k.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
See our latest analysis for Sandfire Reso...
>>> Read more: As Sandfire Resources Limited (ASX:SFR) hits AU$2.6b market cap, insiders may be dismayed about not purchasing higher quantities
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
See our latest analysis for Sandfire Reso...
>>> Read more: As Sandfire Resources Limited (ASX:SFR) hits AU$2.6b market cap, insiders may be dismayed about not purchasing higher quantities