Potential Artemis Gold Inc. (CVE:ARTG) shareholders may wish to note that the COO & President, Jeremy Langford, recently bought CA$145k worth of stock, paying CA$4.80 for each share. Although the purchase only increased their holding by 7.3%, it is still a solid purchase in our view.
See our latest analysis for Artemis Gold
The Last 12 Months Of Insider Transactions At Artemis Gold
In the last twelve months, the biggest single purchase by an insider was when Non-Independent Director Ryan Beedie bought CA$60m worth of shares at a price of CA$4.50 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$5.04. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Over the last year, we can see that insiders have bought 13.67m shares worth CA$62m. But they sold 50.00k shares for CA$276k. Overall, Artemis Gold insiders were net buyers during the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Artemis Gold is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
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. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Artemis Gold insiders own 33% of the company, worth about CA$324m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At Artemis Gold Tell Us?
The recent insider purchase is heartening. 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. When combined with notable insider ownership, these factors suggest Artemis Gold insiders are well aligned, and quite possibly think the share price is too low. That's what I like to see! 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. For instance, we've identified 2 warning signs for Artemis Gold (1 is a bit concerning) you should be aware of.