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It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be remiss not to mention that insider sales have been known to precede tough periods for a business. So before you buy or sell Bardoc Gold Limited (ASX:BDC), you may well want to know whether insiders have been buying or selling.
Do Insider Transactions Matter?
It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, such insiders must disclose their trading activities, and not trade on inside information.
Insider transactions are not the most important thing when it comes to long-term investing. But logic dictates you should pay some attention to whether insiders are buying or selling shares. As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'
View our latest analysis for Bardoc Gold
The Last 12 Months Of Insider Transactions At Bardoc Gold
Non-Executive Director Peter Buttigieg made the biggest insider purchase in the last 12 months. That single transaction was for AU$282k worth of shares at a price of AU$0.04 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of AU$0.052. 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.
Over the last year, we can see that insiders have bought 21.3m shares worth AU$1.0m. Bardoc Gold may have bought shares in the last year, but they didn't sell any. The average buy price was around AU$0.048. Although they bought at below the recent share price, it is good to see that insiders are willing to invest in the company. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Bardoc Gold 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.
Insiders at Bardoc Gold Have Bought Stock Recently
It's good to see that Bardoc Gold insiders have made notable investments in the company's shares. In total, insiders bought AU$629k worth of shares in that time, and we didn't record any sales whatsoever. This could be interpreted as suggesting a positive outlook.