Insiders have been buying these 3 ASX shares

Insiders have been buying Orocobre Limited (ASX:ORE) shares and two others…

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Once a week I like to take a look at which shares have been experiencing insider buying and selling.

This is because nobody should theoretically know a company and its prospects better than its own directors. So when insiders are shown to be buying shares it is often regarded as a bullish indicator and vice versa when they are seen to be selling shares.

Three shares which have been experiencing meaningful insider buying recently are listed below:

Oliver's Real Food Ltd (ASX: OLI)

According to a change of director's interest notice, non-executive director John Diddams has acquired 200,000 shares in the healthy fast food company for a combined price of $49,787.92 through an on-market trade. This has increased Mr Diddams' holding to a total of 1.625 million options and 2.675 million ordinary shares. Oliver's recently reaffirmed its FY 2018 EBITDA guidance of $4.767 million after replacing its CEO.

Orocobre Limited (ASX: ORE)

Non-executive director Leanne Heywood has taken advantage of Orocobre's recent share price weakness and topped up her holding with a small purchase. Heywood picked up 2,000 shares at approximately $5.42 per share through an on-market trade. This has increased Heywood's holding in the company to 10,800 shares. Orocobre's shares are down 33% from their 52-week high at the time of writing amid concerns over the future price of lithium.

Zip Co Ltd (ASX: Z1P)

This payment company's chairman and non-executive director, Philip Crutchfield, has added more shares to his considerable holding. According to a change of director's interest notice, Mr Crutchfield has picked up 40,000 shares on-market for a total consideration of $31,548. Last week Zip Co announced a partnership with Tigerair Australia that will see its interest-free payment method added to the low-cost carrier's suite of payment options. The offering is expected to go live in the middle of April.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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