Even if it's not a huge purchase, we think it was good to see that Jason Peterson, a Blaze Minerals Limited (ASX:BLZ) insider, recently shelled out AU$134k to buy stock, at AU$0.01 per share. That purchase might not be huge but it did increase their holding by 17%.

Check out our latest analysis for Blaze Minerals

Blaze Minerals Insider Transactions Over The Last Year

Notably, that recent purchase by insider Jason Peterson was not the only time they bought Blaze Minerals shares this year. They previously made an even bigger purchase of AU$190k worth of shares at a price of AU$0.019 per share. That implies that an insider found the current price of AU$0.02 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Blaze Minerals share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Jason Peterson.

Jason Peterson bought a total of 23.33m shares over the year at an average price of AU$0.014. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

Blaze Minerals is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership Of Blaze Minerals

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 37% of Blaze Minerals shares, worth about AU$2.7m. 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 Does This Data Suggest About Blaze Minerals Insiders?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Given that insiders also own a fair bit of Blaze Minerals we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To help with this, we've discovered 6 warning signs (5 are concerning!) that you ought to be aware of before buying any shares in Blaze Minerals.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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, but not derivative transactions.

Have 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.

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