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Insider Buying: Ross Beaty Just Spent CA$550k On Orca Gold Inc. (CVE:ORG) Shares

Simply Wall St
·3 mins read

Potential Orca Gold Inc. (CVE:ORG) shareholders may wish to note that insider Ross Beaty recently bought CA$550k worth of stock, paying CA$0.30 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 8.2%.

Check out our latest analysis for Orca Gold

The Last 12 Months Of Insider Transactions At Orca Gold

Notably, that recent purchase by insider Ross Beaty was not the only time they bought Orca Gold shares this year. Earlier in the year, they paid CA$0.30 per share in a CA$553k purchase. Even though the purchase was made at a significantly lower price than the recent price (CA$0.41), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

In the last twelve months Orca Gold insiders were buying shares, but not selling. You can see the insider transactions (by 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!

TSXV:ORG Recent Insider Trading June 5th 2020
TSXV:ORG Recent Insider Trading June 5th 2020

Orca Gold is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Orca Gold Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. It appears that Orca Gold insiders own 15% of the company, worth about CA$15m. 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 Orca Gold Insiders?

The recent insider purchases are 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. When combined with notable insider ownership, these factors suggest Orca Gold insiders are well aligned, and that they may think the share price is too low. 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 example - Orca Gold has 4 warning signs we think you should be aware of.

But note: Orca 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.

Love or hate this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.

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. Thank you for reading.