Yahoo Finance Have Insiders Been Buying Monarch Gold Corporation (TSE:MQR) Shares?
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So we'll take a look at whether insiders have been buying or selling shares in Monarch Gold Corporation (TSE:MQR).
Do Insider Transactions Matter?
Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock in the company. However, most countries require that the company discloses such transactions to the market.
Insider transactions are not the most important thing when it comes to long-term investing. But it is perfectly logical to keep tabs on what insiders are doing. For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.'
Check out our latest analysis for Monarch Gold
The Last 12 Months Of Insider Transactions At Monarch Gold
While no particular insider transaction stood out, we can still look at the overall trading.
In the last twelve months insiders purchased 604k shares for CA$164k. On the other hand they divested 233k shares, for CA$61k. Overall, Monarch Gold insiders were net buyers last year. 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!
Monarch Gold is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insiders at Monarch Gold Have Sold Stock Recently
The last three months saw some Monarch Gold insider selling. The selling netted CA$54k for Jean-Marc Lacoste. But the good news is that there was purchasing too , worth CA$11k. While it's not great to see insider selling, the net amount sold isn't enough for us to want to read anything into it.
Does Monarch Gold Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that Monarch Gold insiders own 6.6% of the company, worth about CA$4.3m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Does This Data Suggest About Monarch Gold Insiders?
We note that there's been a little more insider selling than buying, recently. But the difference is small, and thus, not concerning. But insiders have shown more of an appetite for the stock, over the last year. While we have no worries about the insider transactions, we'd be more comfortable if they owned more Monarch Gold stock. Along with insider transactions, I recommend checking if Monarch Gold is growing revenue. This free chart of historic revenue and earnings should make that easy.
Of course Monarch 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.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
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. Thank you for reading.