Stock Trading Canary

Snapshot date: 2026-10-18 · Built: 2026-10-19T15:08:42+00:00 · Publication status: PASS

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COMPANY RESEARCH

Arctic Minerals AB (publ)

ARCT.ST · Sweden · Basic Materials · Other Industrial Metals & Mining

INSIDER SIGNAL

Insider activity score:58.7 / 100

4 insiders · 4 purchase events · €53k net purchases

Europe #335 · Sweden #97

WHY THIS SIGNAL?

Score anatomy

Each bar shows the contribution to the current score; the weights and formula stay unchanged.

Cluster+29.8 / 35

How many distinct insiders bought in the cluster

Purchase size+17.6 / 25

Purchase value relative to company size and liquidity

Role+19.0 / 20

The seniority and relevance of participating insiders

Recency+0.3 / 10

How recently the purchases occurred

Conviction+10.0 / 10

How clearly buying stands out from other activity

What is holding the score back?

  • ⚠ Purchase activity is becoming less recent
  • ✓ Broad buyer cluster · 4+ distinct filers
  • ✓ Strong insider role · assoc involved

The role contribution uses the inverted role input of the current European model.

BUYING PROFILE

4 events · 4 insiders · 180d

Cluster 75%Repeat 0%Independent 25%Large 0%

Percentages are mutually exclusive and sum to 100%.

Buying concentration

58%

Largest buyer:Johan Spetz · 500k SEK
Gross qualified purchase transaction-line value:867k SEK

The headline € total is net buying for the screen; this module uses gross qualified purchase transaction-line values in the filing currency, so the amounts can differ. The current 15-day buyer-breadth input counts distinct buyers; value concentration is disclosed separately here.

This is a ranking under the current European screening rules—not a probability of gain, return forecast, or buy recommendation.

Key purchase quotes (filing currency)

FilerPrice per unitTrade date
Joakim Lidfeldt5.57 SEKAug 28, 2026
Johan Spetz5.25 SEKMay 11, 2026
Robert Behets5.25 SEKMay 11, 2026
Model details

Cluster breakdown (does not change the score)

15-day buyer breadth (count)
3 distinct reported filers
Peak time window
2026-05-11 to 2026-05-11
Current breadth input
0.850 (capped at 4+ buyers)
Buyer independence
Not yet measured; related-party fields are not cross-market comparable

What the filings show

Insider vs stock price

2 purchase day(s), 4 purchase line(s) in the 180-day window.

Daily close (SEK)Day with an insider purchaseTwo or more insiders the same day
5678May 2026JunJulAugSepOct2026-05-11 · 3 purchase line(s) · 3 insider(s) · close since that day +4.2%2026-08-28 · 1 purchase line(s) · 1 insider(s) · close since that day +5.0%6.25last close07 Oct

Markers sit on the closing price of the transaction day. They show when insiders traded, not the price they paid or received. "Since" compares that day's close with the last close shown; it is what happened at this company, not a forecast.

Insider timeline

3 insiders bought on the same day, 11 May: 1 Role not classified, 1 CFO, 1 CEO / chair. 1 more bought afterwards. The share closed at 6.00 that day and at 6.25 most recently (+4.2%). That week 211 companies across Europe disclosed insider purchases, an ordinary week (6 of the last 26).

Several insiders within 15 days: 2026-05-11 – 2026-05-11Johan SpetzJohan SpetzEkonomichef/finanschef/finansdirektörCFORobert BehetsRobert BehetsStyrelseordförandeCEO / chairJoakim LidfeldtJoakim LidfeldtStyrelseledamotBoard memberErik LundstamErik LundstamVice VDRole not classified2026-05-11 · Erik Lundstam · purchase · 49,996 SEK2026-05-11 · Johan Spetz · purchase · 500,000 SEK2026-05-11 · Robert Behets · purchase · 149,998 SEK2026-08-28 · Joakim Lidfeldt · purchase · 167,100 SEK2026-04-20 to 2026-04-26: 136 companies2026-04-27 to 2026-05-03: 203 companies2026-05-04 to 2026-05-10: 241 companies2026-05-11 to 2026-05-17: 211 companies2026-05-18 to 2026-05-24: 244 companies2026-05-25 to 2026-05-31: 237 companies2026-06-01 to 2026-06-07: 243 companies2026-06-08 to 2026-06-14: 237 companies2026-06-15 to 2026-06-21: 211 companies2026-06-22 to 2026-06-28: 185 companies2026-06-29 to 2026-07-05: 192 companies2026-07-06 to 2026-07-12: 160 companies2026-07-13 to 2026-07-19: 181 companies2026-07-20 to 2026-07-26: 167 companies2026-07-27 to 2026-08-02: 160 companies2026-08-03 to 2026-08-09: 152 companies2026-08-10 to 2026-08-16: 164 companies2026-08-17 to 2026-08-23: 194 companies2026-08-24 to 2026-08-30: 182 companies2026-08-31 to 2026-09-06: 188 companies2026-09-07 to 2026-09-13: 178 companies2026-09-14 to 2026-09-20: 173 companies2026-09-21 to 2026-09-27: 179 companies2026-09-28 to 2026-10-04: 183 companies2026-10-05 to 2026-10-11: 166 companies2026-10-12 to 2026-10-18: 138 companiesCompanies disclosing purchases, per weekMayJunJulAugSepOct

Tap an item for what it means.

●A purchase: the bigger the dot, the more was bought

Each dot is one insider's purchases on one day. The dot's area follows the amount: the largest purchase here gets the largest dot. Hold the pointer over a dot to see the date and the amount.

▮Purple band: several insiders bought within 15 days

The band marks the stretch with the most different buyers: at most 15 days long and at least two people. Here it is 11 May, with 3 insiders. Only the strongest stretch is marked. Several people deciding the same thing is harder to explain by one person's private reasons, but insiders often buy together just after a closed period ends, so compare it with the grey weekly bars.

Blue line: this share's price, +6.5% over these six months

The closing price of each day, from 5.87 on 2026-04-21 to 6.25 on 2026-10-07. The line has no scale; read it for high and low: a dot on a low stretch was bought cheaply, a dot on a high stretch was not.

Dashed line: the typical stock on the same exchange, −9.1%

Taken from the 457 other stocks on the same exchange that this site holds prices for. Each is measured from the first day of the window, and every day the middle one is drawn. It starts where the blue line starts, so the gap between the two is the difference: this share +6.5%, the typical one −9.1%, 15.6 points ahead. It is not an index and not a comparison within one industry.

▂Grey bars: companies across Europe disclosing purchases each week

A taller bar is a week in which more companies disclosed insider purchases. The purple bar is the week of the band above: 211 companies, number 6 of the last 26 weeks. If that week was a peak anyway, buying together is less special than it looks.

This company: insiders buying per month, last 12 months

Nov
Dec
Jan
Feb
Mar
Apr
3May
Jun
Jul
1Aug
Sep
Oct

Darker bars are inside the 180-day window above.

Who traded

InsiderRolePurchasesSalesBoughtFirst purchaseShare price sinceEarlier purchases
Johan SpetzCFO1—500.0k SEK2026-05-11+4.2%fewer than 5 completed
Robert BehetsCEO / chair1—150.0k SEK2026-05-11+4.2%fewer than 5 completed
Joakim LidfeldtBoard member1—167.1k SEK2026-08-28+5.0%fewer than 5 completed
Erik LundstamRole not classified1—50.0k SEK2026-05-11+4.2%fewer than 5 completed
Why this score? · Model details

Priority = 100 × Σ(fixed weight × 0–1 rule-based input)

FactorWeightThis company inputPoint contribution
15-day buyer breadth (count)35%0.85029.8
Qualified-buy size25%0.70517.6
Role informativeness (inverted)20%0.0501.0
Recency10%0.0310.3
Buy/sell conviction10%1.00010.0

This is a heuristic ordering under the current rules, not a calibrated return forecast. It explains why candidates rank differently; the public-filing evidence and data limits are shown below.

BULL VS BEAR

Two readings of this buying

The same filings, read two ways. Each line is a fact stored for this company with the number behind it, and appears only when that number crosses a fixed threshold. Neither side is a forecast and no winner is declared.

Since 2026-10-13: new on the bull side: large purchases; new on the bear side: loss-making. All bull and bear lists, and what followed each line in the past →

Where the evidence comes from

The two kinds of evidence disagree: the purchases themselves carry bull lines (several insiders together, more buyers than usual here, large purchases), while company results argue against (loss-making). No data is held for: company actions.

  • The insider purchases themselvesBullseveral insiders together, more buyers than usual here, large purchases4 checked, under the threshold · 3 missing
  • Share price and trading2 checked, under the threshold
  • Short sellers1 checked, under the threshold
  • Company resultsBearloss-making1 missing
  • Company actionsno data held

Bull case · the buying is informative

  • 3 insiders bought on the same day (2026-05-11). Several people reaching the same decision at the same time is hard to put down to one person's circumstances.Record: after 5,401 earlier disclosures like this, the median 60-session excess return was −3.3%, within 1 percentage point of all comparable disclosures (−3.3%).
  • No insider bought in the 180 days before this window; 4 have bought in it. The buying is new for this company, not a habit.Record: after 3,134 earlier disclosures like this, the median 60-session excess return was −2.7%, within 1 percentage point of all comparable disclosures (−2.7%).
  • Net purchases of €53k equal 0.16% of the company's market value (€32.0M): large for the size of the business.

Bear case · discount it

  • Company resultsThe company is loss-making on the latest captured figures: profit margin −219%, return on equity −16%.

Evidence still missing

  • No buyer here has 5 or more completed earlier purchases on record, so there is no track record to weigh.
  • Only one reading of profitability is held (profit margin −219%). Whether earnings and cash flow are rising or falling needs the last two reports side by side.
  • European notifications have no field saying whether a purchase was pre-arranged; there is no counterpart to the US 10b5-1 box. None of the 4 purchase lines mentions a plan, but a bare “Förvärv” does not rule one out.
  • The filings give the size of each trade, not what the buyer already held. Whether a purchase added 1% to a personal stake or doubled it is not known.
Checked and under the threshold: 7, 1 close to it
  • Bear1 of 4 buyers filed as a person closely associated with a manager. Counted for the bear side from half. close to the threshold
  • BearThe largest buyer accounts for 58% of the value bought. Counted for the bear side from 80%.
  • BearNo insider sale is recorded in the same 180 days.
  • EitherThe latest purchase is 50 days old. Bull up to 14 days, bear from 90.
  • BearThe share price changed +3.3% over six months (three months +22%, one month −1.9%) and stands 52% below its 52-week high. Counted for the bear side from a fall of 20%.
  • BearOver three months the share price changed +22% and the median of 176 Basic Materials companies changed +<0.01%: ahead by 22 points. Counted for the bear side from 20 points behind.
  • BearThe register of Finansinspektionen shows no published net short position in this company. Positions under 0.5% are never published, so this does not show that nobody is short.

Both columns arrange stored facts only. They do not change the insider score or the ranking and are not investment advice.

Signal history

58.7 / 100

Latest recorded score

↓ -2.7 ptsversus the comparable snapshot on 2026-09-14 (34 calendar days apart)
Recorded snapshots
35
First snapshot
2026-08-26

Only scores captured when the scoring run completed are compared. These are raw signal scores saved when each full scoring run completed. They describe changes in research ranking, not price performance or returns.

Why did it change?

Decomposition across the five score factors between comparable snapshots; historical scores are not recalculated.

  • Recency-2.8 pts

Signal score history

Fixed 0–100 scale; dates are spaced by calendar time.

02550751002026-08-26 · 56.92026-08-27 · 56.92026-08-28 · 56.82026-08-31 · 56.82026-09-01 · 56.82026-09-02 · 64.42026-09-03 · 64.02026-09-04 · 63.52026-09-07 · 63.42026-09-08 · 63.02026-09-09 · 62.72026-09-10 · 62.42026-09-11 · 62.12026-09-14 · 61.42026-09-23 · 60.02026-09-24 · 59.92026-09-25 · 59.82026-09-28 · 59.52026-09-29 · 59.42026-09-30 · 59.42026-10-01 · 59.32026-10-02 · 59.22026-10-03 · 59.22026-10-04 · 59.22026-10-05 · 59.12026-10-06 · 59.02026-10-07 · 59.02026-10-08 · 58.92026-10-09 · 58.92026-10-12 · 58.82026-10-13 · 58.82026-10-14 · 58.82026-10-15 · 58.72026-10-16 · 58.72026-10-18 · 58.7Aug 26Sep 07Sep 28Oct 07Oct 18

Recent recorded points

  1. 56.9
  2. 63.4
  3. 59.5
  4. 59.0
  5. 58.7
View all recorded scores
Snapshot dateSignal score
2026-08-2656.9
2026-08-2756.9
2026-08-2856.8
2026-08-3156.8
2026-09-0156.8
2026-09-0264.4
2026-09-0364.0
2026-09-0463.5
2026-09-0763.4
2026-09-0863.0
2026-09-0962.7
2026-09-1062.4
2026-09-1162.1
2026-09-1461.4
2026-09-2360.0
2026-09-2459.9
2026-09-2559.8
2026-09-2859.5
2026-09-2959.4
2026-09-3059.4
2026-10-0159.3
2026-10-0259.2
2026-10-0359.2
2026-10-0459.2
2026-10-0559.1
2026-10-0659.0
2026-10-0759.0
2026-10-0858.9
2026-10-0958.9
2026-10-1258.8
2026-10-1358.8
2026-10-1458.8
2026-10-1558.7
2026-10-1658.7
2026-10-1858.7

Sector context

Basic Materials

Buying breadth
7.0% (27 / 388 issuers)
Sector rank
#9 / 12
7D breadth change
-0.8 pp · vs 2026-10-12 (6d)
30D breadth change
History building

This is sector-level research context. It does not affect the Insider Signal or ranking.

View Europe sector research →

Insider profile outcomes

Historical performance following insider filings. The company role is translated below each name while preserving the original title.

Events are disclosure-level observations; related disclosures published on the same date may share a return path and may not be statistically independent. This research enrichment does not affect the insider score or ranking.

Erik LundstamVice VD1 completed 20D event(s)
PeriodCompleted eventsPrice coverageHit rateMedian excess returnAverage excess returnWorst excess return
5D1Small sample100.0% (1/1)0.0% (0/1)-9.1%-9.1%-9.1%
20D1Small sample100.0% (1/1)0.0% (0/1)-5.7%-5.7%-5.7%
60D1Small sample100.0% (1/1)0.0% (0/1)-12.0%-12.0%-12.0%
120D0No dataAwaiting maturity————
First purchase in 12M
1/1
Large purchase ≥ €100k
0/1
Cluster buying · 15D
1/1
Buying the dip · ≥20% below prior 52W high
1/1
Routine / opportunistic
Not classifiable
Joakim LidfeldtStyrelseledamot1 completed 20D event(s)
PeriodCompleted eventsPrice coverageHit rateMedian excess returnAverage excess returnWorst excess return
5D1Small sample100.0% (1/1)100.0% (1/1)+9.6%+9.6%+9.6%
20D1Small sample100.0% (1/1)100.0% (1/1)+46.6%+46.6%+46.6%
60D0No dataAwaiting maturity————
120D0No dataAwaiting maturity————
First purchase in 12M
1/1
Large purchase ≥ €100k
0/1
Cluster buying · 15D
0/1
Buying the dip · ≥20% below prior 52W high
1/1
Routine / opportunistic
Not classifiable
Johan SpetzEkonomichef/finanschef/finansdirektör1 completed 20D event(s)
PeriodCompleted eventsPrice coverageHit rateMedian excess returnAverage excess returnWorst excess return
5D1Small sample100.0% (1/1)0.0% (0/1)-9.1%-9.1%-9.1%
20D1Small sample100.0% (1/1)0.0% (0/1)-5.7%-5.7%-5.7%
60D1Small sample100.0% (1/1)0.0% (0/1)-12.0%-12.0%-12.0%
120D0No dataAwaiting maturity————
First purchase in 12M
1/1
Large purchase ≥ €100k
0/1
Cluster buying · 15D
1/1
Buying the dip · ≥20% below prior 52W high
1/1
Routine / opportunistic
Not classifiable

Market context

PRICE PERFORMANCE

1M
-1.9%
3M
+21.8%
6M
+3.3%
12M
—

VOLATILITY & LIQUIDITY

Volatility
102.2%
Beta
—
Avg daily volume
SEK 350,425.0

VALUATION

Market cap
SEK 356.3M
P/E
—

FUNDAMENTALS

Profit margin
-218.8%
ROE
-15.5%
Industry
Other Industrial Metals & Mining

Prices to 07 Oct 2026: price cache (Eulerpool). From OpenBB/yfinance, captured 16 Oct 2026: Market cap, Profit margin, ROE, Industry. It does not affect the insider score or rank.

Disclosed net short positions

The Finansinspektionen register, read 18 Oct 2026, publishes no net short position of 0.5% or more in this issuer. Positions below 0.5% are never published, so this is not evidence that nobody is short.

Short-position disclosures are external context; they do not affect the insider score, ranking, or filing eligibility.

Insiders' buying price vs the latest close

The latest close in the price history is more than a week old.

Buying size vs market trading

Market history is too old for this snapshot; ratios are withheld.

Market-data coverage: 250 verified sessions · Latest session: 2026-10-07 · Ratio status: Unavailable

Traded value is estimated as close × shares traded, in major currency units. Includes disclosed qualifying purchases; disclosures may lag. Contractual or planned acquisitions are not necessarily discretionary. Ratios describe relative trading size, not market participation or score contributions.

Latest news

No news has been captured for this company.

Regulatory filings

The filing records held for this company carry no link to the original notice.

Filing evidence

These are underlying national-feed records from the 365-day window ending on the saved ranking snapshot. The score uses only the latest 180 days; older qualifying equity purchases remain visible for audit but do not enter the current score. The original filer, role, transaction classification, instrument, price, volume, value and source fields are retained. The first three rows are shown; remaining records can be unfolded for audit. Other transaction types are retained but excluded from the score.

Excluded transactions & classification

4 qualifying purchase disclosure(s) · 4 transaction line(s)

Aug 28, 2026Förvärv
Joakim Lidfeldt · Styrelseledamot
Aktie · 30000.0 shares × 5.57 SEK · —
May 11, 2026Förvärv
Erik Lundstam · Vice VD
Aktie · 9523.0 shares × 5.25 SEK · —
May 11, 2026Förvärv
Johan Spetz · Ekonomichef/finanschef/finansdirektör
Aktie · 95238.0 shares × 5.25 SEK · —
Unfold all 1 remaining filing row(s)
Transaction datePublishedFilerRoleTransactionInstrumentPrice (local currency)Quote currencyVolumeSource
2026-05-112026-05-14Robert BehetsStyrelseordförandeFörvärvAktie5.25 SEKSEK28571.0—

Showing 4 of 4 matching raw-feed row(s) from the current 365-day research window. Prices and reported values remain in the filing currency and its major unit (for example, UK pence are parsed as GBP). The screen-level € aggregate is separately FX-normalised for research ranking, not a trade-date conversion.

Other disclosed transactions · excluded from score

View 4 other transaction(s)

Sep 14, 2026Tilldelning
Peter George · Verkställande direktör (VD)
Option · 750000.0 shares × 0.0 SEK · —
Sep 10, 2026Tilldelning
Bino Drummond · Annan ledande befattningshavare
Option · 750000.0 shares × 0.0 SEK · —
Sep 7, 2026Tilldelning
Erik Lundstam · Vice VD
Option · 750000.0 shares × 0.0 SEK · —
Unfold all 1 remaining filing row(s)
Transaction datePublishedFilerRoleTransactionInstrumentPrice (local currency)Quote currencyVolumeSource
2026-09-072026-09-10Johan SpetzEkonomichef/finanschef/finansdirektörTilldelningOption0.0 SEKSEK750000.0—

Showing 4 of 4 matching raw-feed row(s) from the current 365-day research window. Prices and reported values remain in the filing currency and its major unit (for example, UK pence are parsed as GBP). The screen-level € aggregate is separately FX-normalised for research ranking, not a trade-date conversion.

Snapshot & identity

Snapshot date
2026-10-18
Ticker
ARCT.ST
ISIN
SE0024172779
Sector
Basic Materials
Industry
Other Industrial Metals & Mining

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