Even if it's not a huge purchase, we think it was good to see that Kwing Chee Lam, the Chairman of the Board of Golden Resources Development International Limited (HKG:677) recently shelled out HK$570k to buy stock, at HK$0.57 per share. That purchase might not be huge but it did increase their holding by 13%.

See our latest analysis for Golden Resources Development International

Golden Resources Development International Insider Transactions Over The Last Year

In fact, the recent purchase by Chairman of the Board Kwing Chee Lam was not their only acquisition of Golden Resources Development International shares this year. They previously made an even bigger purchase of HK$1.4m worth of shares at a price of HK$0.53 per share. That implies that an insider found the current price of HK$0.59 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. 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. In this case we're pleased to report that the insider bought shares at close to current prices. Kwing Chee Lam was the only individual insider to buy over the year.

Kwing Chee Lam bought a total of 9.00m shares over the year at an average price of HK$0.53. You can see the insider transactions (by 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!

Golden Resources Development International 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.

Insider Ownership of Golden Resources Development International

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Insiders own 10% of Golden Resources Development International shares, worth about HK$103m. 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 Do The Golden Resources Development International Insider Transactions Indicate?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Golden Resources Development International. Nice! I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.

Of course Golden Resources Development International may not be the best stock to buy. So you may wish to see this free collection of high quality 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, but not derivative transactions.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.