Gunnison Copper's Market Cap Up CA$7.9m Following Year Of Insider Stock Buying

Last week, Gunnison Copper Corp. (TSE:GCU) insiders, who had purchased shares in the previous 12 months were rewarded handsomely. The shares increased by 14% last week, resulting in a CA$7.9m increase in the company's market worth, implying a 12% gain on their initial purchase. As a result, their original purchase of US$188.0k worth of stock is now worth US$211.2k.

While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.

See our latest analysis for Gunnison Copper

Gunnison Copper Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when GM & Senior VP of Operations Robert Winton bought CA$84k worth of shares at a price of CA$0.19 per share. That implies that an insider found the current price of CA$0.20 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Gunnison Copper insiders decided to buy shares at close to current prices.

In the last twelve months Gunnison Copper insiders were buying shares, but not selling. 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 plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insiders At Gunnison Copper Have Bought Stock Recently

It's good to see that Gunnison Copper insiders have made notable investments in the company's shares. Overall, four insiders shelled out CA$188k for shares in the company -- and none sold. That shows some optimism about the company's future.

Insider Ownership Of Gunnison Copper

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. Based on our data, Gunnison Copper insiders have about 3.3% of the stock, worth approximately CA$2.1m. We prefer to see high levels of insider ownership.

So What Do The Gunnison Copper Insider Transactions Indicate?

It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Gunnison Copper insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Gunnison Copper. Be aware that Gunnison Copper is showing 6 warning signs in our investment analysis, and 3 of those can't be ignored...

But note: Gunnison Copper 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 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.