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Have Insiders Been Buying Mawson Resources Limited (TSE:MAW) Shares?
We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So before you buy or sell Mawson Resources Limited (TSE:MAW), you may well want to know whether insiders have been buying or selling.
What Is Insider Buying?
It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, such insiders must disclose their trading activities, and not trade on inside information.
We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But it is perfectly logical to keep tabs on what insiders are doing. As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
View our latest analysis for Mawson Resources
The Last 12 Months Of Insider Transactions At Mawson Resources
While no particular insider transaction stood out, we can still look at the overall trading.
Over the last year, we can see that insiders have bought 825.00k shares worth CA$132k. On the other hand they divested 325000 shares, for CA$52k. Overall, Mawson Resources insiders were net buyers last year. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Mawson Resources is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Mawson Resources Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Based on our data, Mawson Resources insiders have about 3.8% of the stock, worth approximately CA$1.3m. We prefer to see high levels of insider ownership.
What Might The Insider Transactions At Mawson Resources Tell Us?
There haven't been any insider transactions in the last three months -- that doesn't mean much. However, our analysis of transactions over the last year is heartening. While we have no worries about the insider transactions, we'd be more comfortable if they owned more Mawson Resources stock. 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. Be aware that Mawson Resources is showing 6 warning signs in our investment analysis, and 2 of those are a bit unpleasant...
But note: Mawson Resources may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.
About TSXV:MAW
Mawson Gold
Engages in the acquisition and exploration of mineral properties in Australia and Sweden.
Adequate balance sheet slight.