President Patrick Evans Sold A Bunch Of Shares In Mayfair Gold

Some Mayfair Gold Corp. (CVE:MFG) shareholders may be a little concerned to see that the President, Patrick Evans, recently sold a substantial CA$882k worth of stock at a price of CA$1.99 per share. That sale reduced their total holding by 43% which is hardly insignificant, but far from the worst we've seen.

Check out our latest analysis for Mayfair Gold

The Last 12 Months Of Insider Transactions At Mayfair Gold

In fact, the recent sale by Patrick Evans 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$1.96. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

In the last twelve months insiders purchased 57.00k shares for CA$114k. But they sold 642.29k shares for CA$1.4m. All up, insiders sold more shares in Mayfair Gold than they bought, over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

I will like Mayfair Gold better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership Of Mayfair Gold

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Mayfair Gold insiders own 25% of the company, worth about CA$49m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Mayfair Gold Insiders?

Insiders sold Mayfair Gold shares recently, but they didn't buy any. Zooming out, the longer term picture doesn't give us much comfort. While insiders do own shares, they don't own a heap, and they have been selling. So we'd only buy after careful consideration. 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. Our analysis shows 5 warning signs for Mayfair Gold (3 are a bit unpleasant!) and we strongly recommend you look at these before investing.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.