Gunpoint Exploration Ltd. (CVE:GUN) insiders placed bullish bets worth CA$1.2m in the last 12 months

When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Gunpoint Exploration Ltd.’s (CVE:GUN) instance, it’s good news for shareholders.

While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.

View our latest analysis for Gunpoint Exploration

Gunpoint Exploration Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by Chairman P. Reifel for CA$545k worth of shares, at about CA$0.50 per share. That implies that an insider found the current price of CA$0.55 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it’s a good sign on balance, but keep in mind they may no longer see value. Happily, the Gunpoint Exploration insiders decided to buy shares at close to current prices.

In the last twelve months Gunpoint Exploration 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!

insider-trading-volume

Gunpoint Exploration is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Gunpoint Exploration Insiders Bought Stock Recently

Over the last three months, we’ve seen significant insider buying at Gunpoint Exploration. Chairman P. Reifel spent CA$89k on stock, and there wasn’t any selling. That shows some optimism about the company’s future.

Does Gunpoint Exploration Boast High 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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 11% of Gunpoint Exploration shares, worth about CA$3.1m, according to our data. However, it’s possible that insiders might have an indirect interest through a more complex structure. Overall, this level of ownership isn’t that impressive, but it’s certainly better than nothing!

What Might The Insider Transactions At Gunpoint Exploration Tell Us?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. 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 Gunpoint Exploration stock. 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. For instance, we’ve identified 4 warning signs for Gunpoint Exploration (2 can’t be ignored) you should be aware of.

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, but not derivative transactions.

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.

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