Yahoo Finance Trade Alert: The Independent Chairman Of Gold Standard Ventures Corp (TSE:GSV), Alexander Morrison, Has Just Spent CA$53k Buying 58% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Gold Standard Ventures Corp (TSE:GSV) Independent Chairman, Alexander Morrison, recently bought CA$53k worth of stock, for CA$0.57 per share. Even though that isn't a massive buy, it did increase their holding by 58%, which is arguably a good sign.
Check out our latest analysis for Gold Standard Ventures
The Last 12 Months Of Insider Transactions At Gold Standard Ventures
In the last twelve months, the biggest single purchase by an insider was when insider Jonathan Awde bought CA$79k worth of shares at a price of CA$1.05 per share. That means that even when the share price was higher than CA$0.57 (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. 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. The average buy price was around CA$0.75. I'd consider this a positive as it suggests insiders see value at around the current price. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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.
Insider Ownership of Gold Standard Ventures
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Based on our data, Gold Standard Ventures insiders have about 0.7% of the stock, worth approximately CA$1.5m. We prefer to see high levels of insider ownership.
What Might The Insider Transactions At Gold Standard Ventures Tell Us?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Gold Standard Ventures stock. 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. At Simply Wall St, we've found that Gold Standard Ventures has 5 warning signs (1 is concerning!) that deserve your attention before going any further with your analysis.
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. 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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