Yahoo Finance Peter MacPhail Bought 200% More Shares In Marathon Gold \
Potential Marathon Gold Corporation (TSE:MOZ) shareholders may wish to note that the Independent Chairman, Peter MacPhail, recently bought CA$156k worth of stock, paying CA$0.78 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 200%.
Check out our latest analysis for Marathon Gold
Marathon Gold Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the Independent Non-Executive Director, Julian Kemp, sold CA$304k worth of shares at a price of CA$1.45 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (CA$0.74). So it may not shed much light on insider confidence at current levels. Julian Kemp was the only individual insider to sell shares in the last twelve months. Notably Julian Kemp was also the biggest buyer, having purchased CA$864k worth of shares.
Happily, we note that in the last year insiders paid CA$864k for 842.94k shares. But insiders sold 87.60k shares worth CA$125k. In total, Marathon Gold insiders bought more than they sold over the last year. You can see the insider transactions (by companies and 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!
Marathon Gold is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Marathon Gold Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Based on our data, Marathon Gold insiders have about 1.5% of the stock, worth approximately CA$4.4m. We consider this fairly low insider ownership.
So What Does This Data Suggest About Marathon Gold Insiders?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Marathon Gold insiders are expecting a bright future. 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 2 warning signs for Marathon Gold 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.
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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.
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