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When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Winshear Gold Corp.'s (CVE:WINS) instance, it's good news for shareholders.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
Winshear Gold Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when CEO & Director Richard Williams bought CA$70k worth of shares at a price of CA$0.07 per share. That means that an insider was happy to buy shares at around the current price of CA$0.075. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Winshear Gold insiders decided to buy shares at close to current prices.
In the last twelve months Winshear Gold insiders were buying shares, but not selling. They paid about CA$0.083 on average. These transactions suggest that insiders have considered the current price attractive. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
View our latest analysis for Winshear Gold
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).
Insiders At Winshear Gold Have Bought Stock Recently
It's good to see that Winshear Gold insiders have made notable investments in the company's shares. CEO & Director Richard Williams spent CA$70k on stock, and there wasn't any selling. This could be interpreted as suggesting a positive outlook.
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. It appears that Winshear Gold insiders own 19% of the company, worth about CA$442k. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.