In the last year, multiple insiders have substantially increased their holdings of Honey Badger Silver Inc. (CVE:TUF) stock, indicating that insiders' optimism about the company's prospects has increased.

Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.

This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.

The Last 12 Months Of Insider Transactions At Honey Badger Silver

Notably, that recent purchase by Eric Sprott is the biggest insider purchase of Honey Badger Silver shares that we've seen in the last year. We do like to see buying, but this purchase was made at well below the current price of CA$0.88. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

In the last twelve months insiders purchased 18.31m shares for CA$7.8m. But they sold 384.62k shares for CA$94k. In the last twelve months there was more buying than selling by Honey Badger Silver insiders. The average buy price was around CA$0.43. It is certainly positive to see that insiders have invested their own money in the company. But we must note that the investments were made at well below today's share price. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See our latest analysis for Honey Badger Silver

TSXV:TUF Insider Trading Volume May 18th 2026

Honey Badger Silver is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insiders At Honey Badger Silver Have Bought Stock Recently

Over the last three months, we've seen significant insider buying at Honey Badger Silver. Overall, five insiders shelled out CA$7.4m for shares in the company — and none sold. This is a positive in our book as it implies some confidence.

Does Honey Badger Silver Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 31% of Honey Badger Silver shares, worth about CA$42m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Honey Badger Silver Insiders?

It is good to see recent purchasing. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of Honey Badger Silver 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. In terms of investment risks, we've identified 3 warning signs with Honey Badger Silver and understanding them should be part of your investment process.

Of course Honey Badger Silver may not be the best stock to buy. So you may wish to see this free collection of high quality 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 of direct interests only, but not derivative transactions or indirect interests.

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.