This Insider Has Just Sold Shares In Challenger Gold

Investors may wish to note that the Executive Vice Chairman of Challenger Gold Limited, Sergio Rotondo, recently netted AU$132k from selling stock, receiving an average price of AU$0.11. On the bright side, that's just a small sale and only reduced their holding by 1.3%.

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The Last 12 Months Of Insider Transactions At Challenger Gold

In fact, the recent sale by Sergio Rotondo was the biggest sale of Challenger Gold shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was below the current price of AU$0.12, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 1.3% of Sergio Rotondo's stake.

Over the last year, we can see that insiders have bought 1.25m shares worth AU$100k. But they sold 1.20m shares for AU$132k. 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!

Check out our latest analysis for Challenger Gold

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Does Challenger Gold Boast High 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. Insiders own 25% of Challenger Gold shares, worth about AU$63m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Challenger Gold Insiders?

Our data shows a little insider buying, but no selling, in the last three months. The net investment is not enough to encourage us much. We're a little cautious about the insider selling at Challenger Gold. But it's good to see that insiders own shares in the company. 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. In terms of investment risks, we've identified 3 warning signs with Challenger Gold and understanding these should be part of your investment process.

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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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.