Have Insiders Sold Orezone Gold Shares Recently?

We'd be surprised if Orezone Gold Corporation (TSE:ORE) shareholders haven't noticed that the Executive VP & CFO, Peter Tam, recently sold CA$360k worth of stock at CA$1.20 per share. That sale was 18% of their holding, so it does make us raise an eyebrow.

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Orezone Gold Insider Transactions Over The Last Year

In fact, the recent sale by Peter Tam was the biggest sale of Orezone Gold shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of CA$1.11. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Over the last year, we can see that insiders have bought 696.80k shares worth CA$456k. But they sold 341.00k shares for CA$387k. In the last twelve months there was more buying than selling by Orezone Gold insiders. 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!

See our latest analysis for Orezone Gold

Orezone Gold is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Orezone Gold Boast High 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. We usually like to see fairly high levels of insider ownership. Orezone Gold insiders own about CA$17m worth of shares. That equates to 3.0% of the company. 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 Orezone Gold Insider Transactions Indicate?

An insider sold Orezone Gold shares recently, but they didn't buy any. In contrast, they appear keener if you look at the last twelve months. And insiders do own shares. So we're happy enough to look past some selling. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Orezone Gold. Every company has risks, and we've spotted 2 warning signs for Orezone Gold (of which 1 is potentially serious!) you should know about.

But note: Orezone 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 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.