Multiple insiders bought Gold Standard Ventures Corp (TSE:GSV) stock earlier this year, a positive sign for shareholders
It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in Gold Standard Ventures Corp's (TSE:GSV) case, it's fantastic news for shareholders.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
View our latest analysis for Gold Standard Ventures
Gold Standard Ventures Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by CFO & Corporate Secretary Jordan Neeser for CA$69k worth of shares, at about CA$0.69 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$0.59). 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. 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.
In the last twelve months Gold Standard Ventures insiders were buying shares, but not selling. 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!
Gold Standard Ventures is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insiders at Gold Standard Ventures Have Bought Stock Recently
Over the last three months, we've seen a bit of insider buying at Gold Standard Ventures. Insiders purchased CA$27k worth of shares in that period. It's good to see the insider buying, as well as the lack of recent sellers. But the amount invested in the last three months isn't enough for us too put much weight on it, as a single factor.
Insider Ownership of Gold Standard Ventures
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Based on our data, Gold Standard Ventures insiders have about 0.9% of the stock, worth approximately CA$1.8m. I generally like to see higher levels of ownership.
So What Does This Data Suggest About Gold Standard Ventures Insiders?
We note a that there has been a bit of insider buying recently (but no selling). Overall the buying isn't worth writing home about. On a brighter note, the transactions over the last year are encouraging. We'd like to see bigger individual holdings. However, we don't see anything to make us think Gold Standard Ventures insiders are doubting the company. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 3 warning signs for Gold Standard Ventures (of which 2 make us uncomfortable!) you should know about.
