Trade Alert: The President Of Marathon Gold Corporation (TSE:MOZ), Matthew Manson, Has Just Spent CA$70k Buying Shares

Whilst it may not be a huge deal, we thought it was good to see that the Marathon Gold Corporation (TSE:MOZ) President, Matthew Manson, recently bought CA$70k worth of stock, for CA$1.35 per share. While that isn't the hugest buy, it actually boosted their shareholding by 52%, which is good to see.

See our latest analysis for Marathon Gold

The Last 12 Months Of Insider Transactions At Marathon Gold

Over the last year, we can see that the biggest insider purchase was by Senior VP of Exploration Sherry Dunsworth for CA$323k worth of shares, at about CA$1.06 per share. We do like to see buying, but this purchase was made at well below the current price of CA$1.43. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

In the last twelve months insiders purchased 463k shares for CA$473k. On the other hand they divested 50000 shares, for CA$51k. Overall, Marathon Gold insiders were net buyers last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Insider Ownership of Marathon Gold

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. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Marathon Gold insiders own 6.7% of the company, worth about CA$15m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Marathon Gold Insider Transactions Indicate?

It's certainly positive to see the recent insider purchases. 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. When combined with notable insider ownership, these factors suggest Marathon Gold insiders are well aligned, and that they may think the share price is too low. Of course, the future is what matters most. So if you are interested in Marathon Gold, you should check out this free report on analyst forecasts for the company.

But note: Marathon 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.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned. Thank you for reading.