Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of Torq Resources Inc. (CVE:TORQ), that sends out a positive message to the company's shareholders.

Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.

View our latest analysis for Torq Resources

The Last 12 Months Of Insider Transactions At Torq Resources

The CEO & Chairman Shawn Wallace made the biggest insider purchase in the last 12 months. That single transaction was for CA$100k worth of shares at a price of CA$0.10 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$0.09). 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. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

In the last twelve months insiders purchased 3.36m shares for CA$442k. But insiders sold 10.00k shares worth CA$4.2k. In the last twelve months there was more buying than selling by Torq Resources insiders. The average buy price was around CA$0.13. This is nice to see since it implies that insiders might see value around current prices. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Torq Resources Insiders Bought Stock Recently

Over the last three months, we've seen significant insider buying at Torq Resources. Overall, two insiders shelled out CA$250k for shares in the company -- and none sold. This makes one think the business has some good points.

Insider Ownership Of Torq Resources

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. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 13% of Torq Resources shares, worth about CA$1.6m, according to our data. We do generally prefer see higher levels of insider ownership.