We’d be surprised if Corvus Gold Inc. (TSE:KOR) shareholders haven’t noticed that the Independent Director, Rowland Perkins, recently sold CA$453k worth of stock at CA$3.62 per share. The eyebrow raising move amounted to a reduction of 48% in their holding.
Corvus Gold Insider Transactions Over The Last Year
Notably, that recent sale by Rowland Perkins is the biggest insider sale of Corvus Gold shares that we’ve seen in the last year. That means that an insider was selling shares at around the current price of CA$3.25. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
In the last year Corvus Gold insiders didn’t buy any company stock. 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!
I will like Corvus Gold better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Corvus Gold insiders own about CA$19m worth of shares. That equates to 4.9% of the company. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Corvus Gold Tell Us?
Insiders haven’t bought Corvus Gold stock in the last three months, but there was some selling. And there weren’t any purchases to give us comfort, over the last year. While insiders do own shares, they don’t own a heap, and they have been selling. We’re in no rush to buy! In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing Corvus Gold. To help with this, we’ve discovered 4 warning signs (2 make us uncomfortable!) that you ought to be aware of before buying any shares in Corvus Gold.
But note: Corvus Gold 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.
When trading Corvus Gold or any other investment, use the platform considered by many to be the Professional’s Gateway to the Worlds Market, Interactive Brokers. You get the lowest-cost* trading on stocks, options, futures, forex, bonds and funds worldwide from a single integrated account.
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.
*Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email email@example.com.