This Viva Gold Insider Increased Their Holding By 67% Last Year

Insider Transactions at Viva Gold Corp., listed on the TSXV under the ticker symbol VAUCF, show that insiders have been net buyers over the past year. This means they’ve been purchasing more shares than they’ve been selling. While it’s not the only factor to consider when making investment decisions, keeping an eye on insider activity can provide some valuable insights.

One notable insider purchase in the last 12 months was made by William Philip Richards, who bought CA$240k worth of shares at around CA$0.12 per share. Even though the purchase price was lower than the current market price of CA$0.17, insider buying is generally seen as a positive sign. Richards acquired 2.40 million shares at an average price of CA$0.12.

During the same period, there was also some insider selling, with insiders netting CA$20k from selling shares over the last three months. While a lack of buying and presence of selling may raise some concerns, the volume of shares sold was relatively low, so it’s not a major red flag.

Insider ownership is another important factor to consider when evaluating a company. In the case of Viva Gold, insiders collectively own about CA$1.6 million worth of shares, representing 7.0% of the company. While this level of ownership is not overly impressive, it does show that insiders have a stake in the company’s performance.

In conclusion, while there hasn’t been any recent insider buying, the selling activity has been limited and not overly concerning. Insider transactions, along with other factors, can provide valuable insights for investors. However, it’s always important to consider the overall risks a company may be facing. If you’d like to explore more investment opportunities, check out our free list of interesting companies for potential investment.

Please note that the data presented here is based on publicly available information regarding insider transactions and should not be taken as financial advice. It’s always recommended to conduct thorough research and consider all factors before making investment decisions.