The Insider ownership of Akora Resources Ltd is 39.49%
Insider Ownership is calculated as the total number of shares owned by insiders (shareholders who own more than 5% of the corporation or an officer or director of the company) divided by the total Shares Outstanding.
A high value of insider ownership means that those working for the company have a large stake in the success of the company. This is sometimes seen as a sign that those running the company will work hard to ensure its success or believe the company's stock price will rise.
A change in insider ownership may come from exercise of option, stock grant and buying or selling of company shares. A purchase of company share signifies a confidence in the company's future performance by people who know the company best. Therefore, Net Insider buying is also an important indicator for investors.
Akora Resources Limited engages in the exploration and development of iron ore projects in Madagascar. Its flagship project is the Bekisopa property that consists of three granted research permits and one granted small scale mining permit covering 93.5 square kilometers located in south central Madagascar. The company was formerly known as Indian Pacific Resources Limited. Akora Resources Limited was incorporated in 2009 and is based in Carlton North, Australia.