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Whilst it may not be a huge deal, we thought it was good to see that the Orezone Gold Corporation (TSE:ORE) President, Patrick Downey, recently bought CA$100k worth of stock, for CA$0.60 per share. Although the purchase is not a big one, increasing their shareholding by only 2.4%, it can be interpreted as a good sign.
View our latest analysis for Orezone Gold
The Last 12 Months Of Insider Transactions At Orezone Gold
In the last twelve months, the biggest single sale by an insider was when the Senior VP & General Counsel, Ryan Goodman, sold CA$289k worth of shares at a price of CA$0.84 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is CA$0.61. So it may not tell us anything about how insiders feel about the current share price.
In the last twelve months insiders purchased 800.30k shares for CA$517k. But insiders sold 444.26k shares worth CA$370k. In the last twelve months there was more buying than selling by Orezone Gold insiders. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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 Orezone Gold Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 3.1% of Orezone Gold shares, worth about CA$8.8m, according to our data. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Orezone Gold Insider Transactions Indicate?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Orezone Gold insiders are reasonably well aligned, and optimistic for the future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 2 warning signs for Orezone Gold you should be aware of.