Mark Child Bought 5.2% More Shares In Condor Gold

Whilst it may not be a huge deal, we thought it was good to see that the Condor Gold Plc (LON:CNR) CEO & Director, Mark Child, recently bought UK£52k worth of stock, for UK£0.22 per share. However, it only increased their shares held by 5.2%, and it wasn't a huge purchase by absolute value, either.

View our latest analysis for Condor Gold

Condor Gold Insider Transactions Over The Last Year

Notably, that recent purchase by Mark Child is the biggest insider purchase of Condor Gold shares that we've seen in the last year. We do like to see buying, but this purchase was made at well below the current price of UK£0.27. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Condor Gold insiders may have bought shares in the last year, but they didn't sell any. The average buy price was around UK£0.17. It is certainly positive to see that insiders have invested their own money in the company. However, you should keep in mind that they bought when the share price was meaningfully below today's levels. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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 Of Condor Gold

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Condor Gold insiders own 30% of the company, worth about UK£16m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Condor Gold Insiders?

The recent insider purchase is 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 Condor Gold 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 that end, you should learn about the 5 warning signs we've spotted with Condor Gold (including 2 which are potentially serious).

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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