The Chief Financial Officer of Goldsource Mines Inc. (CVE:GXS), Nicholas Campbell, Just Bought 64% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Goldsource Mines Inc. (CVE:GXS) Chief Financial Officer, Nicholas Campbell, recently bought CA$110k worth of stock, for CA$0.11 per share. While that isn't the hugest buy, it actually boosted their shareholding by 64%, which is good to see.

See our latest analysis for Goldsource Mines

The Last 12 Months Of Insider Transactions At Goldsource Mines

Over the last year, we can see that the biggest insider purchase was by insider Eric Sprott for CA$3.0m worth of shares, at about CA$0.12 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$0.10). Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

Happily, we note that in the last year insiders paid CA$3.7m for 30.71m shares. On the other hand they divested 139000 shares, for CA$23k. Overall, Goldsource Mines insiders were net buyers last year. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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).

Insider Ownership of Goldsource Mines

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. From our data, it seems that Goldsource Mines insiders own 9.6% of the company, worth about CA$3.8m. We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At Goldsource Mines Tell Us?

It is good to see recent purchasing. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Goldsource Mines stock. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 4 warning signs for Goldsource Mines you should be aware of, and 1 of them makes us a bit uncomfortable.

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.

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.

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