President of White Gold Picks Up 23% More Stock

Potential White Gold Corp. (CVE:WGO) shareholders may wish to note that the President, David D’Onofrio, recently bought CA$200k worth of stock, paying CA$0.22 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 23%.

Check out our latest analysis for White Gold

The Last 12 Months Of Insider Transactions At White Gold

In fact, the recent purchase by David D’Onofrio was the biggest purchase of White Gold shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than CA$0.21 (the recent price), an insider wanted to purchase shares. 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. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. David D’Onofrio was the only individual insider to buy during the last year.

David D’Onofrio bought a total of 1.16m shares over the year at an average price of CA$0.25. 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 plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that White Gold insiders own about CA$4.7m worth of shares (which is 12% of the company). We do generally prefer see higher levels of insider ownership.

So What Does This Data Suggest About White Gold Insiders?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. 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 White Gold 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. At Simply Wall St, we've found that White Gold has 2 warning signs (1 can't be ignored!) that deserve your attention before going any further with your analysis.

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.