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Bullish insiders bet CA$61m on Artemis Gold Inc. (CVE:ARTG)

Multiple insiders secured a larger position in Artemis Gold Inc. (CVE:ARTG) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

See our latest analysis for Artemis Gold

Artemis Gold Insider Transactions Over The Last Year

The Non-Independent Director Ryan Beedie made the biggest insider purchase in the last 12 months. That single transaction was for CA$60m worth of shares at a price of CA$4.50 each. That means that an insider was happy to buy shares at around the current price of CA$4.54. That means they have been optimistic about the company in the past, though they may have changed their mind. 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 Artemis Gold insiders decided to buy shares at close to current prices.

In the last twelve months insiders purchased 13.64m shares for CA$61m. But insiders sold 80.00k shares worth CA$486k. In the last twelve months there was more buying than selling by Artemis Gold insiders. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
insider-trading-volume

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Artemis Gold Insiders Bought Stock Recently

It's good to see that Artemis Gold insiders have made notable investments in the company's shares. Overall, 10 insiders shelled out CA$61m for shares in the company -- and none sold. This is a positive in our book as it implies some confidence.

Insider Ownership Of Artemis Gold

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Artemis Gold insiders own about CA$295m worth of shares (which is 34% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About Artemis Gold Insiders?

It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest Artemis Gold insiders are well aligned, and quite possibly think the share price is too low. That's what I like to see! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 2 warning signs for Artemis Gold you should be aware of, and 1 of them shouldn't be ignored.

But note: Artemis Gold 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, 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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