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Looking at Goldcliff Resource Corporation's (CVE:GCN ) insider transactions over the last year, we can see that insiders were net buyers. That is, there were more number of shares purchased by insiders than there were sold.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Check out our latest analysis for Goldcliff Resource
The Last 12 Months Of Insider Transactions At Goldcliff Resource
Notably, that recent purchase by George Sanders is the biggest insider purchase of Goldcliff Resource shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$0.02). 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. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. George Sanders was the only individual insider to buy shares in the last twelve months.
George Sanders purchased 4.48m shares over the year. The average price per share was CA$0.037. 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 always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership Of Goldcliff Resource
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Goldcliff Resource insiders own about CA$622k worth of shares (which is 44% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The Goldcliff Resource Insider Transactions Indicate?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Goldcliff Resource. One for the watchlist, at least! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Goldcliff Resource. At Simply Wall St, we've found that Goldcliff Resource has 4 warning signs (3 shouldn't be ignored!) that deserve your attention before going any further with your analysis.