Insider Activity at Palisades Goldcorp Ltd.
In the past year, several insiders have significantly upped their stakes in Palisades Goldcorp Ltd. (CVE:PALI), suggesting a growing confidence among insiders regarding the company’s future.
While it’s important not to rely solely on insider activities for investment decisions, it’s wise to consider whether insiders are buying or selling shares.
The most notable insider purchase in the last year came from Michael Parker, who bought CA$2.5 million worth of shares at CA$1.74 each. This indicates a bullish sentiment, as he purchased above the current share price of CA$1.61. Even though he was both the largest buyer and seller, his initial purchase reflects a level of optimism.
Over the last year, insiders acquired 1.73 million shares for CA$2.8 million, while selling 600,000 shares for CA$900,000. Overall, Palisades Goldcorp insiders purchased more shares than they sold during this period.
Recent trends show significant insider selling at Palisades Goldcorp, with Michael Parker selling CA$900,000 worth of shares in the last three months and no new purchases recorded. This raises questions about the perceived value of the shares among insiders.
Insider ownership appears strong, with Palisades Goldcorp executives holding approximately CA$40 million in shares, representing 39% of the company. While this level of ownership indicates decent alignment with shareholders, it’s just shy of being exceptionally high.
Despite the recent selling, it’s favorable that insiders hold a substantial stake in the company. However, it’s essential to be aware of potential risks facing Palisades Goldcorp. Our analysis highlights four warning signs for Palisades Goldcorp that should be considered before investing.
