Wednesday 9/2 Insider Buying Report: AUGO, FTCI

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

At Aura Minerals, a filing with the SEC revealed that on Friday, Director Mauad Bruno Sousa bought 252,000 shares of AUGO, at a cost of $86.48 each, for a total investment of $21.79M. Bargain hunters have the opportunity to buy AUGO at a price even lower than Sousa did, with shares trading as low as $82.09 at last check today which is 5.1% under Sousa's purchase price. Aura Minerals Inc is trading up about 6.5% on the day Wednesday.

And also on Friday, Shaker Sadasivam purchased $271,913 worth of FTC Solar, purchasing 101,083 shares at a cost of $2.69 each. Before this latest buy, Sadasivam purchased FTCI on 3 other occasions during the past twelve months, for a total investment of $265,918 at an average of $2.66 per share. FTC Solar is trading up about 0.4% on the day Wednesday. Bargain hunters are able to buy FTCI at a price even lower than Sadasivam did, with shares trading as low as $2.28 in trading on Wednesday -- that's 15.2% under Sadasivam's purchase price.

VIDEO: Wednesday 9/2 Insider Buying Report: AUGO, FTCI