Why insider trading matters?

When insiders buy shares on the open market, this can thus be regarded as a strong endorsement by those that know the company the best -- they are literally betting their own money on the company's future. Insider selling, however, is not necessarily meaningful in any way, as there is a range of reasons for insiders to liquidate (some) of the shares they own.

- Seeking Alpha
Sector: Basic Materials; Industry: Gold

New Jersey Mining Company explores for, develops, and extracts gold, silver, and base metal resources in the Greater Coeur d'Alene Mining District of North Idaho and Western Montana.

Trade Date Insider Title Buy/Sell #Shares Price Value Option
2020-12-30 Morgan Robert John Vice President Exploration Buy 25,000 $0.18 $4,500 Yes
2019-04-30 Morgan Robert John VP Exploration Buy 20,000 $0.15 $3,000 No
2018-12-07 Morgan Robert John VP Exploration Buy 50,000 $0.18 $9,000 No
2018-09-29 Morgan Robert John VP Exploration Buy 100,000 $0.15 $15,000 Yes

Insider Smart

CARNIVAL CORP (CCL) - Cruislines $CCL $NCLH $RCL took a huge beat due to the pandemic, concerns of bankruptcy were raised. Among the three dominating companies in the industry, $CCL is the first one bought by insiders, such a bold move would definitely boost investor confidence.

Insider Smart

CEDAR FAIR L.P. (FUN) - Another crash victim, Cedar Fair L.P. took a deep dive from $54 to $13, insiders were confidence and eagerly jumped in around $27. With insiders on your side, this would be an easy add and hold to get your cost under $20. Stock is about to breach $40 in the coming weeks.