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Multiple insiders bought Banyan Gold Corp. (CVE:BYN) stock earlier this year, a positive sign for shareholders

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It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in Banyan Gold Corp.'s (CVE:BYN) case, it's fantastic news for shareholders.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Banyan Gold

The Last 12 Months Of Insider Transactions At Banyan Gold

The President Tara Christie made the biggest insider purchase in the last 12 months. That single transaction was for CA$480k worth of shares at a price of CA$0.35 each. We do like to see buying, but this purchase was made at well below the current price of CA$0.47. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Happily, we note that in the last year insiders paid CA$597k for 1.78m shares. But they sold 250.00k shares for CA$103k. Overall, Banyan Gold insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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).

Does Banyan Gold 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. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that Banyan Gold insiders own 7.2% of the company, worth about CA$8.8m. We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At Banyan Gold Tell Us?

It doesn't really mean much that no insider has traded Banyan Gold shares in the last quarter. However, our analysis of transactions over the last year is heartening. While we have no worries about the insider transactions, we'd be more comfortable if they owned more Banyan Gold stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Banyan Gold. For example, Banyan Gold has 4 warning signs (and 2 which are concerning) we think you should know about.

But note: Banyan 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.