Akiba Jacob Leisman Is The CEO & Director of Mako Mining Corp. (CVE:MKO) And They Just Picked Up 2.2% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Mako Mining Corp. (CVE:MKO) CEO & Director, Akiba Jacob Leisman, recently bought CA$85k worth of stock, for CA$0.34 per share. Although the purchase is not a big one, increasing their shareholding by only 2.2%, it can be interpreted as a good sign.

Check out our latest analysis for Mako Mining

The Last 12 Months Of Insider Transactions At Mako Mining

Notably, that recent purchase by CEO & Director Akiba Jacob Leisman was not the only time they bought Mako Mining shares this year. They previously made an even bigger purchase of CA$182k worth of shares at a price of CA$0.33 per share. That means that an insider was happy to buy shares at around the current price of CA$0.33. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Mako Mining insiders decided to buy shares at close to current prices.

Mako Mining insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Mako Mining is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership

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. Our data suggests Mako Mining insiders own 2.2% of the company, worth about CA$5.1m. We consider this fairly low insider ownership.

So What Do The Mako Mining Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives 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 Mako Mining stock. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. While conducting our analysis, we found that Mako Mining has 2 warning signs and it would be unwise to ignore these.

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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