Yahoo Finance The Interim CEO & Director of Superior Gold Inc. (CVE:SGI), Tamara Brown, Just Bought 430% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Superior Gold Inc. (CVE:SGI) Interim CEO & Director, Tamara Brown, recently bought CA$60k worth of stock, for CA$0.70 per share. While that isn't the hugest buy, it actually boosted their shareholding by 430%, which is good to see.
See our latest analysis for Superior Gold
The Last 12 Months Of Insider Transactions At Superior Gold
Notably, that recent purchase by Tamara Brown is the biggest insider purchase of Superior Gold shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is CA$0.70. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.
In the last twelve months Superior Gold insiders were buying shares, but not selling. Their average price was about CA$0.48. We don't deny that it is nice to see insiders buying stock in the company. However, we do note that they were buying at significantly lower prices than today's share price of CA$0.70. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Superior 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.
Does Superior Gold Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that Superior Gold insiders own 6.7% of the company, worth about CA$5.7m. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Superior Gold Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Superior Gold stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Superior Gold. When we did our research, we found 4 warning signs for Superior Gold (1 makes us a bit uncomfortable!) that we believe deserve your full attention.
Of course Superior 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.
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. 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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