Great Boulder Resources Insiders Added AU$911.6k Of Stock To Their Holdings

Multiple insiders secured a larger position in Great Boulder Resources Limited (ASX:GBR) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

Check out our latest analysis for Great Boulder Resources

Great Boulder Resources Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by insider Chris Retzos for AU$887k worth of shares, at about AU$0.082 per share. That means that even when the share price was higher than AU$0.064 (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. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Notably Chris Retzos was also the biggest seller.

In the last twelve months insiders purchased 12.94m shares for AU$912k. But insiders sold 7.66m shares worth AU$636k. In the last twelve months there was more buying than selling by Great Boulder Resources insiders. They paid about AU$0.07 on average. This is nice to see since it implies that insiders might see value around current prices. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that Great Boulder Resources insiders own 11% of the company, worth about AU$4.4m. But they may have an indirect interest through a corporate structure that we haven't picked up on. Whilst better than nothing, we're not overly impressed by these holdings.

So What Does This Data Suggest About Great Boulder Resources Insiders?

The fact that there have been no Great Boulder Resources insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening. We'd like to see bigger individual holdings. However, we don't see anything to make us think Great Boulder Resources insiders are doubting the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Great Boulder Resources. To that end, you should learn about the 4 warning signs we've spotted with Great Boulder Resources (including 2 which can't be ignored).

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.