Jordan Neeser Is The CFO & Corporate Secretary of Gold Standard Ventures Corp (TSE:GSV) And They Just Picked Up 100% More Shares
Even if it's not a huge purchase, we think it was good to see that Jordan Neeser, the CFO & Corporate Secretary of Gold Standard Ventures Corp (TSE:GSV) recently shelled out CA$69k to buy stock, at CA$0.69 per share. Even though that isn't a massive buy, it did increase their holding by 100%, which is arguably a good sign.
View our latest analysis for Gold Standard Ventures
The Last 12 Months Of Insider Transactions At Gold Standard Ventures
In the last twelve months, the biggest single purchase by an insider was when insider Jonathan Awde bought CA$82k worth of shares at a price of CA$1.01 per share. That means that even when the share price was higher than CA$0.72 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
While Gold Standard Ventures insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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.
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Our data suggests Gold Standard Ventures insiders own 0.7% of the company, worth about CA$1.9m. We consider this fairly low insider ownership.
So What Does This Data Suggest About Gold Standard Ventures Insiders?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. 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 Gold Standard Ventures insiders are expecting a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For instance, we've identified 4 warning signs for Gold Standard Ventures (2 don't sit too well with us) you should be aware of.
