Yahoo Finance Hugh Agro Is The President of Revival Gold Inc. (CVE:RVG) And They Just Spent CA$70k On Shares
Whilst it may not be a huge deal, we thought it was good to see that the Revival Gold Inc. (CVE:RVG) President, Hugh Agro, recently bought CA$70k worth of stock, for CA$0.40 per share. However, we do note that it only increased their holding by 4.9%, and it wasn't a huge purchase by absolute value, either.
See our latest analysis for Revival Gold
Revival Gold Insider Transactions Over The Last Year
In fact, the recent purchase by President Hugh Agro was not their only acquisition of Revival Gold shares this year. They previously made an even bigger purchase of CA$90k worth of shares at a price of CA$0.72 per share. That means that an insider was happy to buy shares at above the current price of CA$0.60. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
While Revival Gold insiders bought shares last year, they didn't sell. Their average price was about CA$0.54. It's great to see insiders putting their own cash into the company's stock, albeit at below the recent share price. The chart below shows insider transactions (by 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!
Revival Gold is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership of Revival Gold
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From our data, it seems that Revival Gold insiders own 12% of the company, worth about CA$4.0m. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Revival Gold Insider Transactions Indicate?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Revival Gold insiders are expecting a bright future. 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. Case in point: We've spotted 6 warning signs for Revival Gold you should be aware of, and 2 of these are a bit unpleasant.
Of course Revival Gold may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
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.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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