Insiders Buying Group Eleven Resources Might Wish They Invested More, Stock Gains 29%

Insiders who bought Group Eleven Resources Corp. (CVE:ZNG) stock in the last 12 months were richly rewarded last week. The company's market value increased by CA$4.4m as a result of the stock's 29% gain over the same period. As a result, their original purchase of CA$219.0k worth of stock is now worth CA$267.6k.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.

View our latest analysis for Group Eleven Resources

Group Eleven Resources Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by insider Michael Gentile for CA$219k worth of shares, at about CA$0.09 per share. We do like to see buying, but this purchase was made at well below the current price of CA$0.11. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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

Insider Ownership Of Group Eleven Resources

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. Group Eleven Resources insiders own about CA$3.7m worth of shares. That equates to 20% of the company. 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 Group Eleven Resources Insiders?

The fact that there have been no Group Eleven Resources insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening. Overall we don't see anything to make us think Group Eleven Resources insiders are doubting the company, and they do own shares. 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. Case in point: We've spotted 5 warning signs for Group Eleven Resources you should be aware of, and 2 of these are potentially serious.

Of course Group Eleven Resources may not be the best stock to buy. So you may wish to see this free collection of high quality 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.