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

Last year, insiders at Viva Gold Corp. (CVE:VAU) were making some interesting moves by buying more shares than they were selling. While it’s always important to do your own research before making investment decisions, keeping an eye on insider transactions can provide valuable insights.

One notable insider purchase was made by William Philip Richards, who bought CA$240k worth of shares at around CA$0.12 per share. Despite the purchase price being lower than the current price of CA$0.17, insider buying is generally seen as a positive sign. In total, Richards acquired 2.40m shares over the last year at an average price of CA$0.12.

Although there was some insider selling in the last three months, the total amount netted was only CA$20k. While it’s not ideal to see selling, the small volume doesn’t raise any major concerns. It’s worth noting that insider ownership of Viva Gold currently stands at about CA$1.6m, representing 7.0% of the company. While this level of ownership isn’t particularly high, it does show some alignment with common shareholders.

Overall, insider transactions at Viva Gold suggest a mix of buying and selling activity. While recent selling isn’t significant enough to be alarming, it would be reassuring to see insiders holding a larger stake in the company. As always, it’s important to consider all aspects of a company’s financial health and potential risks before making any investment decisions.

For more insights into insider transactions and other interesting companies, check out our free list of undervalued small cap companies that insiders are buying. Remember, insider transactions provide just one piece of the puzzle when evaluating investment opportunities. It’s crucial to conduct thorough research and consider all factors before making any financial decisions.