Gryphon Digital Mining Up 23%, But Some Insiders Miss Out

Last week, Gryphon Digital Mining, Inc.'s (NASDAQ:GRYP) stock jumped 23%, but insiders who sold US$84k worth of stock in over the past year are likely to be in a better position. Selling at an average price of US$1.20, which is higher than the current price might have been the right call as holding on to stock would have meant their investment would be worth less now than it was at the time of sale.

Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.

View our latest analysis for Gryphon Digital Mining

The Last 12 Months Of Insider Transactions At Gryphon Digital Mining

In the last twelve months, the biggest single sale by an insider was when the CFO & Corporate Secretary, Simeon Salzman, sold US$66k worth of shares at a price of US$1.19 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$0.65. So it is hard to draw any strong conclusion from it.

Insiders in Gryphon Digital Mining didn't buy any shares in the last year. 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!

I will like Gryphon Digital Mining better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 34% of Gryphon Digital Mining shares, worth about US$9.0m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Gryphon Digital Mining Insiders?

It doesn't really mean much that no insider has traded Gryphon Digital Mining shares in the last quarter. Still, the insider transactions at Gryphon Digital Mining in the last 12 months are not very heartening. The modest level of insider ownership is, at least, some comfort. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Gryphon Digital Mining. Case in point: We've spotted 4 warning signs for Gryphon Digital Mining you should be aware of, and 3 of them can't be ignored.

But note: Gryphon Digital Mining may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.