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Whilst it may not be a huge deal, we thought it was good to see that the Gunnison Copper Corp. (TSE:GCU) GM of the Gunnison Project & Senior VP of Operations, Robert Winton, recently bought CA$84k worth of stock, for CA$0.19 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
Check out our latest analysis for Gunnison Copper
The Last 12 Months Of Insider Transactions At Gunnison Copper
In fact, the recent purchase by Robert Winton was the biggest purchase of Gunnison Copper shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than CA$0.18 (the recent price), an insider wanted to purchase shares. 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. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
Gunnison Copper insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Gunnison Copper is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Does Gunnison Copper Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Based on our data, Gunnison Copper insiders have about 3.1% of the stock, worth approximately CA$1.8m. We consider this fairly low insider ownership.
So What Does This Data Suggest About Gunnison Copper Insiders?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Gunnison Copper insiders are expecting a bright 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. To that end, you should learn about the 6 warning signs we've spotted with Gunnison Copper (including 3 which are potentially serious).