Whilst it may not be a huge deal, we thought it was good to see that Colin Bourke, who is a company insider, recently bought AU$86k worth of stock, for AU$0.029 per share. Although the purchase is not a big one, increasing their shareholding by only 7.4%, it can be interpreted as a good sign.

View our latest analysis for Flynn Gold

The Last 12 Months Of Insider Transactions At Flynn Gold

Notably, that recent purchase by insider Colin Bourke was not the only time they bought Flynn Gold shares this year. Earlier in the year, they paid AU$0.085 per share in a AU$1.0m purchase. So it's clear an insider wanted to buy, even at a higher price than the current share price (being AU$0.028). Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels. Notably Colin Bourke was also the biggest seller.

Happily, we note that in the last year insiders paid AU$1.5m for 28.25m shares. But insiders sold 780.00k shares worth AU$39k. In total, Flynn Gold insiders bought more than they sold over the last year. Their average price was about AU$0.053. I'd consider this a positive as it suggests insiders see value at around the current price. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insider Ownership Of Flynn Gold

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. Flynn Gold insiders own about AU$2.8m worth of shares. That equates to 39% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Flynn Gold Tell Us?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest Flynn Gold insiders are well aligned, and that they may think the share price is too low. While it's good to be aware of 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. You'd be interested to know, that we found 3 warning signs for Flynn Gold and we suggest you have a look.

But note: Flynn 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 of direct interests only, but not derivative transactions or indirect interests.

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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.