U.S. Markets close in 4 hrs 32 mins

Ross Beaty Is The of Orca Gold Inc. (CVE:ORG) And They Just Spent CA$553k On Shares

Simply Wall St

Potential Orca Gold Inc. (CVE:ORG) shareholders may wish to note that insider Ross Beaty recently bought CA$553k 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 8.9%.

See our latest analysis for Orca Gold

Orca Gold Insider Transactions Over The Last Year

Notably, that recent purchase by Ross Beaty is the biggest insider purchase of Orca Gold shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of CA$0.33. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider bought shares at close to current prices. Ross Beaty was the only individual insider to buy shares in the last twelve months.

You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

TSXV:ORG Recent Insider Trading, January 15th 2020

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).

Insider Ownership of Orca Gold

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that Orca Gold insiders own about CA$4.4m worth of shares (which is 6.3% of the company). Whilst better than nothing, we're not overly impressed by these holdings.

What Might The Insider Transactions At Orca Gold Tell Us?

It is good 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 last year, which makes us a little cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Orca Gold insiders are reasonably well aligned, and optimistic for the future. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.

If you spot an error that warrants correction, please contact the editor at 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. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.