Yahoo Finance Michael Kosowan Bought 4.8% More Shares In TDG Gold
Even if it's not a huge purchase, we think it was good to see that Michael Kosowan, the Independent Director of TDG Gold Corp. (CVE:TDG) recently shelled out CA$70k to buy stock, at CA$0.14 per share. Although the purchase is not a big one, increasing their shareholding by only 4.8%, it can be interpreted as a good sign.
See our latest analysis for TDG Gold
TDG Gold Insider Transactions Over The Last Year
In fact, the recent purchase by Independent Director Michael Kosowan was not their only acquisition of TDG Gold shares this year. Earlier in the year, they paid CA$0.30 per share in a CA$150k purchase. That means that an insider was happy to buy shares at above the current price of CA$0.14. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. 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.
In the last twelve months TDG Gold insiders were buying shares, but not selling. The average buy price was around CA$0.22. These transactions suggest that insiders have considered the current price attractive. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does TDG 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 TDG Gold insiders own 8.9% of the company, worth about CA$1.6m. We do generally prefer see higher levels of insider ownership.
So What Does This Data Suggest About TDG Gold Insiders?
It is good to see the recent insider purchase. 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. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that TDG Gold insiders are reasonably well aligned, and optimistic for the future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Be aware that TDG Gold is showing 5 warning signs in our investment analysis, and 2 of those don't sit too well with us...
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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 of direct interests only, but not derivative transactions or indirect interests.
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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.
