Yahoo Finance Pasquale DiCapo of White Gold Corp. (CVE:WGO) Just Spent CA$398k On Shares
Potential White Gold Corp. (CVE:WGO) shareholders may wish to note that insider Pasquale DiCapo recently bought CA$398k worth of stock, paying CA$0.80 for each share. Although the purchase only increased their holding by 7.6%, it is still a solid purchase in our view.
View our latest analysis for White Gold
The Last 12 Months Of Insider Transactions At White Gold
Notably, that recent purchase by Pasquale DiCapo is the biggest insider purchase of White 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$0.88. 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. Happily, the White Gold insiders decided to buy shares at close to current prices.
In the last twelve months White Gold insiders were buying shares, but not selling. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of White Gold
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that White Gold insiders own 14% of the company, worth about CA$16m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The White Gold Insider Transactions Indicate?
It is good to see recent purchasing. 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. Insiders likely see value in White Gold shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 4 warning signs for White Gold you should be aware of, and 1 of them is a bit unpleasant.
But note: White Gold may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.
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