Multiple insiders secured a larger position in Goldshore Resources Inc. (CVE:GSHR) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Goldshore Resources

The Last 12 Months Of Insider Transactions At Goldshore Resources

The insider Brian Paes-Braga made the biggest insider purchase in the last 12 months. That single transaction was for CA$1.5m worth of shares at a price of CA$0.10 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$0.29. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Happily, we note that in the last year insiders paid CA$3.2m for 24.64m shares. But insiders sold 173.00k shares worth CA$51k. Overall, Goldshore Resources insiders were net buyers during the last year. The average buy price was around CA$0.13. It is certainly positive to see that insiders have invested their own money in the company. But we must note that the investments were made at well below today's share price. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Goldshore Resources is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Goldshore Resources Insiders Bought Stock Recently

There has been significantly more insider buying, than selling, at Goldshore Resources, over the last three months. Insiders spent CA$1.2m on shares. But we did see insider selling worth CA$51k. We think insiders may be optimistic about the future, since insiders have been net buyers of shares.

Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that Goldshore Resources insiders own about CA$11m worth of shares (which is 12% of the company). However, it's possible that insiders might have an indirect interest through a more complex structure. Whilst better than nothing, we're not overly impressed by these holdings.