In This Article:
Insiders who bought Kalo Gold Corp. (CVE:KALO) stock in the last 12 months were richly rewarded last week. The company's market value increased by CA$956k as a result of the stock's 13% gain over the same period. In other words, the original CA$219.0k purchase is now worth CA$342.0k.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
View our latest analysis for Kalo Gold
Kalo Gold Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Executive VP of Capital Markets Kevin Ma bought CA$91k worth of shares at a price of CA$0.03 per share. We do like to see buying, but this purchase was made at well below the current price of CA$0.045. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
In the last twelve months Kalo Gold insiders were buying shares, but not selling. 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).
Does Kalo Gold Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 19% of Kalo Gold shares, worth about CA$1.6m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Kalo Gold Insider Transactions Indicate?
It doesn't really mean much that no insider has traded Kalo Gold shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. Insiders own shares in Kalo Gold and we see no evidence to suggest they are worried about the 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. You'd be interested to know, that we found 6 warning signs for Kalo Gold and we suggest you have a look.
Of course Kalo Gold may not be the best stock to buy. So you may wish to see this free collection of high quality companies.