Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Golden Pursuit Resources Ltd. (CVE:GDP), it sends a favourable message to the company's shareholders.
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 Golden Pursuit Resources
The Last 12 Months Of Insider Transactions At Golden Pursuit Resources
In the last twelve months, the biggest single purchase by an insider was when insider Kaitlyn McClay bought CA$315k worth of shares at a price of CA$0.10 per share. That means that an insider was happy to buy shares at around the current price of CA$0.11. Of course they may have changed their mind. But this suggests they are optimistic. 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. In this case we're pleased to report that the insider purchases were made at close to current prices.
Happily, we note that in the last year insiders paid CA$468k for 4.01m shares. But they sold 3.50m shares for CA$368k. In total, Golden Pursuit Resources insiders bought more than they sold over the last year. Their average price was about CA$0.12. This is nice to see since it implies that insiders might see value around current prices. 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 plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insiders At Golden Pursuit Resources Have Sold Stock Recently
Over the last three months, we've seen a bit of insider selling at Golden Pursuit Resources. CA$53k worth of shares were sold by insider Kaitlyn McClay. But CA$32k was spent on buying, too, . While it's not great to see insider selling, the net amount sold isn't enough for us to want to read anything into it.
Insider Ownership Of Golden Pursuit Resources
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. Insiders own 35% of Golden Pursuit Resources shares, worth about CA$1.5m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.