Sierra Madre Gold and Silver's Kenneth Webster Acquires 26% More Stock

Whilst it may not be a huge deal, we thought it was good to see that Kenneth Webster, who is a company insider, recently bought CA$98k worth of stock, for CA$0.70 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 26%.

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The Last 12 Months Of Insider Transactions At Sierra Madre Gold and Silver

Notably, that recent purchase by Kenneth Webster is the biggest insider purchase of Sierra Madre Gold and Silver shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of CA$0.77. 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. The good news for Sierra Madre Gold and Silver share holders is that insiders were buying at near the current price.

In the last twelve months Sierra Madre Gold and Silver insiders were buying shares, but not selling. 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!

Check out our latest analysis for Sierra Madre Gold and Silver

Sierra Madre Gold and Silver is not the only stock insiders are buying. So take a peek at this free list of under-the-radar 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. Insiders own 8.6% of Sierra Madre Gold and Silver shares, worth about CA$10m, according to our data. We do generally prefer see higher levels of insider ownership.

So What Does This Data Suggest About Sierra Madre Gold and Silver Insiders?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. When combined with notable insider ownership, these factors suggest Sierra Madre Gold and Silver insiders are well aligned, and that they may think the share price is too low. 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. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Sierra Madre Gold and Silver.

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 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.