Yahoo Finance Insider Buying: The Gold Standard Ventures Corp (TSE:GSV) Independent Director Just Bought CA$68k Worth Of Shares
Even if it's not a huge purchase, we think it was good to see that John Armstrong, the Independent Director of Gold Standard Ventures Corp (TSE:GSV) recently shelled out CA$68k to buy stock, at CA$0.68 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
See our latest analysis for Gold Standard Ventures
Gold Standard Ventures Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by insider Jonathan Awde for CA$80k worth of shares, at about CA$1.07 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$0.68). Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
Gold Standard Ventures insiders may have bought shares in the last year, but they didn't sell any. Their average price was about CA$0.92. This is nice to see since it implies that insiders might see value around current prices. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
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 Gold Standard Ventures Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Based on our data, Gold Standard Ventures insiders have about 0.6% of the stock, worth approximately CA$1.5m. We prefer to see high levels of insider ownership.
So What Do The Gold Standard Ventures Insider Transactions Indicate?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Gold Standard Ventures 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 2 warning signs for Gold Standard Ventures you should be aware of.
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.
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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