Mayfair Gold Vice President of Exploration Howard Bird Sells 74% Of Holding

Investors may wish to note that the Vice President of Exploration of Mayfair Gold Corp., Howard Bird, recently netted CA$107k from selling stock, receiving an average price of CA$2.42. While that isn't a lot of money, it was a substantial 74% of their holding, so certainly isn't a good sign.

Check out our latest analysis for Mayfair Gold

The Last 12 Months Of Insider Transactions At Mayfair Gold

In fact, the recent sale by Howard Bird was the biggest sale of Mayfair Gold shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of CA$2.39. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. 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).

In the last twelve months insiders purchased 80.03k shares for CA$157k. On the other hand they divested 60.00k shares, for CA$144k. In the last twelve months there was more buying than selling by Mayfair Gold insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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 Mayfair Gold

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Mayfair Gold insiders own about CA$60m worth of shares. That equates to 25% 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.

What Might The Insider Transactions At Mayfair Gold Tell Us?

An insider sold Mayfair Gold shares recently, but they didn't buy any. But we take heart from prior transactions. It's good to see insiders are shareholders. So we're happy enough to look past some selling. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 5 warning signs for Mayfair Gold (of which 3 can't be ignored!) you should know about.

But note: Mayfair 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.