Potential Koonenberry Gold Limited (ASX:KNB) shareholders may wish to note that the Non-Executive Director, Anthony McIntosh, recently bought AU$170k worth of stock, paying AU$0.01 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 123%, potentially signalling some real optimism.

View our latest analysis for Koonenberry Gold

Koonenberry Gold Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when insider Peter Proksa bought AU$177k worth of shares at a price of AU$0.014 per share. That means that an insider was happy to buy shares at around the current price of AU$0.015. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Koonenberry Gold share holders is that insiders were buying at near the current price.

While Koonenberry Gold insiders bought shares during the last year, they didn't sell. They paid about AU$0.012 on average. To my mind it is good that insiders have invested their own money in the company. However, you should keep in mind that they bought when the share price was meaningfully below today's levels. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does Koonenberry Gold Boast High Insider Ownership?

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. It appears that Koonenberry Gold insiders own 26% of the company, worth about AU$1.1m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Koonenberry Gold Insiders?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Insiders likely see value in Koonenberry Gold shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Koonenberry Gold. In terms of investment risks, we've identified 5 warning signs with Koonenberry Gold and understanding these should be part of your investment process.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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.