Glenn Walsh of Marksmen Energy Inc. (CVE:MAH) Just Spent CA$75k On Shares

Whilst it may not be a huge deal, we thought it was good to see that Glenn Walsh, who is a company insider, recently bought CA$75k worth of stock, for CA$0.04 per share. Although the purchase is not a big one, increasing their shareholding by only 8.6%, it can be interpreted as a good sign.

Check out our latest analysis for Marksmen Energy

Marksmen Energy Insider Transactions Over The Last Year

The insider Hans Koch made the biggest insider purchase in the last 12 months. That single transaction was for CA$100k worth of shares at a price of CA$0.05 each. That means that an insider was happy to buy shares at above the current price of CA$0.03. 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. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

Over the last year, we can see that insiders have bought 10.79m shares worth CA$509k. But insiders sold 219.00k shares worth CA$8.3k. In the last twelve months there was more buying than selling by Marksmen Energy insiders. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of Marksmen Energy

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Marksmen Energy insiders own about CA$2.1m worth of shares (which is 55% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The Marksmen Energy Insider Transactions Indicate?

It's certainly positive to see the recent insider purchases. 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. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Marksmen Energy. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Marksmen Energy. Case in point: We've spotted 4 warning signs for Marksmen Energy you should be aware of, and 3 of these 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, but not derivative transactions.

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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. 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.
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