Trade Alert: The CEO & Director Of Mako Mining Corp. (CVE:MKO), Akiba Jacob Leisman, Has Just Spent CA$182k Buying Shares

Potential Mako Mining Corp. (CVE:MKO) shareholders may wish to note that the CEO & Director, Akiba Jacob Leisman, recently bought CA$182k worth of stock, paying CA$0.33 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 5.8%.

Check out our latest analysis for Mako Mining

The Last 12 Months Of Insider Transactions At Mako Mining

In fact, the recent purchase by CEO & Director Akiba Jacob Leisman was not their only acquisition of Mako Mining shares this year. Earlier in the year, they paid CA$0.11 per share in a CA$201k purchase. Even though the purchase was made at a significantly lower price than the recent price (CA$0.36), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

In the last twelve months Mako Mining insiders were buying shares, but not selling. They paid about CA$0.13 on average. We don't deny that it is nice to see insiders buying stock in the company. However, you should keep in mind that they bought when the share price was meaningfully below today's levels. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

Mako Mining is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership of Mako Mining

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 Mako Mining insiders own 2.4% of the company, worth about CA$5.1m. I generally like to see higher levels of ownership.

So What Do The Mako Mining Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Mako Mining 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. For example, Mako Mining has 5 warning signs (and 3 which are a bit unpleasant) we think you should know about.

But note: Mako Mining 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.

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