Whilst it may not be a huge deal, we thought it was good to see that the Mako Mining Corp. (CVE:MKO) CEO & Director, Akiba Jacob Leisman, recently bought CA$65k worth of stock, for CA$0.29 per share. That might not be a big purchase but it only increased their holding by 2.4%, and could be interpreted as a good sign.
See our latest analysis for Mako Mining
Mako Mining Insider Transactions Over The Last Year
Notably, that recent purchase by CEO & Director Akiba Jacob Leisman was not the only time they bought Mako Mining shares this year. They previously made an even bigger purchase of CA$201k worth of shares at a price of CA$0.11 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$0.32. 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.
Mako Mining insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Mako Mining 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 of Mako Mining
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. From looking at our data, insiders own CA$4.5m worth of Mako Mining stock, about 2.3% of the company. We prefer to see high levels of insider ownership.
So What Does This Data Suggest About Mako Mining Insiders?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Mako Mining insiders are reasonably well aligned, and optimistic for the future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. When we did our research, we found 5 warning signs for Mako Mining (3 are potentially serious!) that we believe deserve your full attention.
Of course Mako Mining 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.
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.
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March 24, 2020 at 05:14PM
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Trade Alert: The CEO & Director Of Mako Mining Corp. (CVE:MKO), Akiba Jacob Leisman, Has Just Spent CA$65k Buying Shares - Yahoo Finance
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