This Insider Has Just Sold Shares In Inca One Gold Corp. (CVE:IO)

We note that the Inca One Gold Corp. (CVE:IO) President, Edward Kelly, recently sold CA$55k worth of stock for CA$0.61 per share. However we note that the sale only shrunk their holding by 6.3%.

Check out our latest analysis for Inca One Gold

The Last 12 Months Of Insider Transactions At Inca One Gold

In fact, the recent sale by President Edward Kelly was not their only sale of Inca One Gold shares this year. They previously made an even bigger sale of -CA$85k worth of shares at a price of CA$0.79 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of CA$0.60. So it may not shed much light on insider confidence at current levels.

In total, Inca One Gold insiders sold more than they bought over the last year. The sellers received a price of around US$0.68, on average. It's not particularly great to see insiders were selling shares at below recent prices. Of course, the sales could be motivated for a multitude of reasons, so we shouldn't jump to conclusions. You can see the insider transactions (by companies and 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!

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Insider Ownership of Inca One Gold

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Inca One Gold insiders own about CA$13m worth of shares (which is 62% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The Inca One Gold Insider Transactions Indicate?

Unfortunately, there has been more insider selling of Inca One Gold stock, than buying, in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. It is good to see high insider ownership, but the insider selling leaves us cautious. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - Inca One Gold has 3 warning signs we think you should be aware of.

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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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.
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