Did Tudor Gold Corp. (CVE:TUD) Insiders Buy Up More Shares?
We often see insiders buying stocks in companies that are doing well over the long term. On the other hand, it wouldn't be worth mentioning that insider selling is known to precede tough times for a company. So we're going to see if Insider shares in Tudor Gold Corp. (CVE: TUD) bought or sold.
Are Insider Transactions Important?
It is quite normal for company insiders, such as board members, to trade in company stocks from time to time. However, such insiders must disclose their trading activities and are not allowed to trade inside information.
Insider trading isn't the most important thing when it comes to long-term investments. However, logic dictates that you should be careful about whether insiders are buying or selling stocks. For example, a study by Harvard University found that "insider buying generates unusual returns of more than 6% per year".
Check out our latest analysis for Tudor Gold
The last 12 months of insider trading at Tudor Gold
Insider Eric Sprott made the largest insider buy in the past 12 months. This single transaction involved CA $ 6.2 million shares priced at CA $ 0.94 each. Although the purchase was made at a significantly lower price than the previous price (CA $ 3.12), we still think insider buying is positive. While this suggests that insiders are viewing the stock as undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Fortunately, we find that insiders paid CA $ 9.4 million for 11.42 million shares last year. On the other hand, they sold 200,000 shares for CA $ 643,000. In the past twelve months, Tudor gold insiders have bought more than they sold. The average purchase price was CA $ 0.83. We're not denying that it's nice when insiders buy shares in the company. However, you should keep in mind that you bought when the stock price was well below today's levels. The following graph shows insider transactions (by companies and individuals) over the past year. If you click on the chart, you will see all of the individual transactions including the stock price, the individual, and the date!
Insider trading volume
Tudor Gold isn't the only stock insider buying. So take a look at this free list of growing companies with insider buying.
Insiders at Tudor Gold recently bought stocks
At Tudor Gold, we saw significantly more insider buying than insider selling in the last quarter. In fact, two Insiders bought CA $ 7.4 million worth of shares. But insider Catalin Kilofliski has sold CA $ 643,000 worth of shares. Buying outweighs selling, suggesting that insiders believe the company will do well in the future.
Many investors like to examine how much of a company is owned by insiders. We usually like to see a pretty high level of inside ownership. It appears that Tudor Gold Insiders own 20% of the company, valued at approximately CA $ 109 million. While this is a strong but not outstanding level of inside stewardship, it is enough to indicate some consistency between management and smaller shareholders.
What does this data suggest about Tudor Gold Insider?
It is certainly positive to see recent insider buying. An analysis of last year's transactions also gives us confidence. On the other hand, the company made a loss last year, which makes us a little cautious. Once you factor in the high levels of insider participation, it seems that insiders have a positive view of Tudor Gold. I like to see that! In addition to knowing about insider trading, it is beneficial to identify the risks that Tudor Gold is exposed to. To aid this, we've discovered 3 warning signs (1 is making us a little uncomfortable!) To be aware of before buying any stock of Tudor Gold.
But be aware: Tudor Gold may not be the best stock to buy. So take a look at this free list of interesting high ROE, low debt companies.
For the purposes of this article, insiders are persons who report their transactions to the competent supervisory authority. We currently consider open market transactions and private sales, but not derivative transactions.
This article from Simply Wall St is of a general nature. It is not a recommendation to buy or sell stocks and does not take into account your goals or your financial situation. We want to provide you with a long-term, focused analysis based on fundamental data. Note that our analysis may not take into account the latest price sensitive company announcements or quality materials. Simply Wall St has no position in the stocks mentioned.
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