This Insider Has Just Sold Shares In Artemis Gold Inc. (CVE:ARTG)

By
Simply Wall St
Published
March 14, 2022
TSXV:ARTG
Source: Shutterstock

Anyone interested in Artemis Gold Inc. (CVE:ARTG) should probably be aware that the Vice President of Capital Markets, Nicholas Campbell, recently divested CA$211k worth of shares in the company, at an average price of CA$7.02 each. However, the silver lining is that the sale only reduced their total holding by 4.4%, so we're hesitant to read anything much into it, on its own.

Check out our latest analysis for Artemis Gold

Artemis Gold Insider Transactions Over The Last Year

The Non-Independent Director Ryan Beedie made the biggest insider purchase in the last 12 months. That single transaction was for CA$50m worth of shares at a price of CA$6.10 each. We do like to see buying, but this purchase was made at well below the current price of CA$6.88. 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.

Happily, we note that in the last year insiders paid CA$55m for 9.09m shares. But insiders sold 132.00k shares worth CA$876k. In total, Artemis Gold insiders bought more than they sold over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
TSXV:ARTG Insider Trading Volume March 14th 2022

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does Artemis Gold Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Artemis Gold insiders own 33% of the company, currently worth about CA$353m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Artemis Gold Tell Us?

An insider sold Artemis Gold shares recently, but they didn't buy any. On the other hand, the insider transactions over the last year are encouraging. On top of that, insiders own a significant portion of the company. So we're happy to look past recent trading. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Artemis Gold. When we did our research, we found 6 warning signs for Artemis Gold (3 can't be ignored!) that we believe deserve your full attention.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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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