President George Sanders Just Bought 5.2% More Shares In Goldcliff Resource Corporation (CVE:GCN)

Simply Wall St
·3 min read

Even if it's not a huge purchase, we think it was good to see that George Sanders, the President of Goldcliff Resource Corporation (CVE:GCN) recently shelled out CA$102k to buy stock, at CA$0.12 per share. Although the purchase is not a big one, increasing their shareholding by only 5.2%, it can be interpreted as a good sign.

View our latest analysis for Goldcliff Resource

Goldcliff Resource Insider Transactions Over The Last Year

In fact, the recent purchase by President George Sanders was not their only acquisition of Goldcliff Resource shares this year. Earlier in the year, they paid CA$0.08 per share in a CA$280k purchase. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$0.15. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

George Sanders purchased 4.48m shares over the year. The average price per share was CA$0.088. 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!

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Goldcliff Resource 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.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Goldcliff Resource insiders own 41% of the company, currently worth about CA$2.8m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Goldcliff Resource Insiders?

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Goldcliff Resource. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Goldcliff Resource. To that end, you should learn about the 4 warning signs we've spotted with Goldcliff Resource (including 2 which are concerning).

Of course Goldcliff Resource 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, but not derivative transactions.

This article by Simply Wall St is general in nature. 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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