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Viewing insider transactions for Aya Gold & Silver Inc.'s (TSE:AYA ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
See our latest analysis for Aya Gold & Silver
Aya Gold & Silver Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Vice President of Corporate Development & Investor Relations Alex Ball bought CA$399k worth of shares at a price of CA$13.29 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$10.64). 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. To us, it's very important to consider the price insiders pay for shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. The only individual insider to buy over the last year was Alex Ball. Notably Alex Ball was also the biggest seller.
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!
Aya Gold & Silver is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership Of Aya Gold & Silver
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. Aya Gold & Silver insiders own about CA$145m worth of shares (which is 10% 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 Does This Data Suggest About Aya Gold & Silver Insiders?
The fact that there have been no Aya Gold & Silver insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. Judging from their transactions, and high insider ownership, Aya Gold & Silver insiders feel good about the company's future. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Our analysis shows 2 warning signs for Aya Gold & Silver (1 is significant!) and we strongly recommend you look at these before investing.