Insider Buying: The Gold Standard Ventures Corp (TSE:GSV) Co-Founder Just Bought 2.1% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Gold Standard Ventures Corp (TSE:GSV) Co-Founder, Jonathan Awde, recently bought CA$80k worth of stock, for CA$1.07 per share. However, it only increased their shares held by 2.1%, and it wasn't a huge purchase by absolute value, either.

See our latest analysis for Gold Standard Ventures

The Last 12 Months Of Insider Transactions At Gold Standard Ventures

Notably, that recent purchase by Co-Founder Jonathan Awde was not the only time they bought Gold Standard Ventures shares this year. They previously made an even bigger purchase of CA$82k worth of shares at a price of CA$1.01 per share. That means that an insider was happy to buy shares at around the current price of CA$1.15. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices.

Over the last year, we can see that insiders have bought 531.98k shares worth CA$499k. But insiders sold 50.21k shares worth CA$51k. In total, Gold Standard Ventures insiders bought more than they sold over the last year. 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

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From looking at our data, insiders own CA$6.2m worth of Gold Standard Ventures stock, about 2.0% of the company. I generally like to see higher levels of ownership.

So What Does This Data Suggest About Gold Standard Ventures Insiders?

It is good to see the recent insider purchase. 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 Gold Standard Ventures insiders are expecting a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To that end, you should learn about the 3 warning signs we've spotted with Gold Standard Ventures (including 1 which doesn't sit too well with us).

But note: Gold Standard Ventures 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, but not derivative transactions.

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