The President of Jasper Mining Corporation (CVE:JSP.H), Gordon Dixon, Just Bought 29% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Jasper Mining Corporation (CVE:JSP.H) President, Gordon Dixon, recently bought CA$120k worth of stock, for CA$0.10 per share. That purchase might not be huge but it did increase their holding by 29%.

Check out our latest analysis for Jasper Mining

The Last 12 Months Of Insider Transactions At Jasper Mining

Notably, that recent purchase by Gordon Dixon is the biggest insider purchase of Jasper Mining shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is CA$0.12. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Jasper Mining share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Gordon Dixon.

You can see the insider transactions (by 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!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Does Jasper Mining Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Jasper Mining insiders own about CA$644k worth of shares. That equates to 33% 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 Does This Data Suggest About Jasper Mining Insiders?

The recent insider purchase is heartening. 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. Insiders likely see value in Jasper Mining shares, given these transactions (along with notable insider ownership of the company). I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow for free.

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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