Yahoo Finance Trade Alert: The President Of Americas Gold and Silver Corporation (TSE:USA), Darren Blasutti, Has Just Spent US$100k Buying Shares
Whilst it may not be a huge deal, we thought it was good to see that the Americas Gold and Silver Corporation (TSE:USA) President, Darren Blasutti, recently bought CA$100k worth of stock, for CA$3.51 per share. That purchase might not be huge but it did increase their holding by 28%.
View our latest analysis for Americas Gold and Silver
Americas Gold and Silver Insider Transactions Over The Last Year
In fact, the recent purchase by Darren Blasutti was the biggest purchase of Americas Gold and Silver shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than CA$3.15 (the recent price), an insider wanted to purchase shares. 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. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Darren Blasutti was the only individual insider to buy over the year.
You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Americas Gold and Silver 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 Americas Gold and Silver
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 5.4% of Americas Gold and Silver shares, worth about CA$15m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Americas Gold and Silver Insider Transactions Indicate?
Insider purchases may have been minimal, in the last three months, but there was no selling at all. Overall the buying isn't worth writing home about. On a brighter note, the transactions over the last year are encouraging. Insiders own shares in Americas Gold and Silver and we see no evidence to suggest they are worried about the future. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Americas Gold and Silver.
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.
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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