Bullish insiders bet CA$784k on Marathon Gold Corporation (TSE:MOZ)
It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in Marathon Gold Corporation's (TSE:MOZ) case, it's fantastic news for shareholders.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for Marathon Gold
Marathon Gold Insider Transactions Over The Last Year
The Independent Non-Executive Director, Julian Kemp, made the biggest insider sale in the last 12 months. That single transaction was for CA$304k worth of shares at a price of CA$1.45 each. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of CA$1.06. So it may not shed much light on insider confidence at current levels. Julian Kemp was the only individual insider to sell shares in the last twelve months. Notably Julian Kemp was also the biggest buyer, having purchased CA$784k worth of shares.
In the last twelve months insiders purchased 677.67k shares for CA$784k. But they sold 116.80k shares for CA$166k. In the last twelve months there was more buying than selling by Marathon Gold insiders. 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!
Marathon Gold is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Based on our data, Marathon Gold insiders have about 1.5% of the stock, worth approximately CA$6.2m. We prefer to see high levels of insider ownership.
So What Do The Marathon Gold Insider Transactions Indicate?
It doesn't really mean much that no insider has traded Marathon Gold shares in the last quarter. But insiders have shown more of an appetite for the stock, over the last year. We'd like to see bigger individual holdings. However, we don't see anything to make us think Marathon Gold insiders are doubting the company. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. You'd be interested to know, that we found 3 warning signs for Marathon Gold and we suggest you have a look.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
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, but not derivative transactions.
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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.
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