Independent Chairman of Galiano Gold Paul Wright Buys 9.8% More Shares

Even if it's not a huge purchase, we think it was good to see that Paul Wright, the Independent Chairman of Galiano Gold Inc. (TSE:GAU) recently shelled out CA$93k to buy stock, at CA$1.85 per share. However, it only increased their shares held by 9.8%, and it wasn't a huge purchase by absolute value, either.

Check out our latest analysis for Galiano Gold

The Last 12 Months Of Insider Transactions At Galiano Gold

Notably, that recent purchase by Independent Chairman Paul Wright was not the only time they traded Galiano Gold shares this year. They previously made a sale of -CA$535k worth of shares at a price of CA$2.41 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is CA$2.16. So it is hard to draw any strong conclusion from it.

Over the last year, we can see that insiders have bought 442.07k shares worth CA$654k. On the other hand they divested 315.00k shares, for CA$647k. In total, Galiano Gold insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and 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!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

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. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data suggests Galiano Gold insiders own 0.5% of the company, worth about CA$2.9m. I generally like to see higher levels of ownership.

So What Does This Data Suggest About Galiano Gold Insiders?

It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Galiano Gold insiders are reasonably well aligned, and optimistic for the future. While it's good to be aware of 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. Case in point: We've spotted 1 warning sign for Galiano Gold you should be aware of.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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 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.