Yahoo Finance Coelacanth Energy Insiders Added CA$7.84m Of Stock To Their Holdings
Over the last year, a good number of insiders have significantly increased their holdings in Coelacanth Energy Inc. (CVE:CEI). This is encouraging because it indicates that insiders are more optimistic about the company's prospects.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
See our latest analysis for Coelacanth Energy
The Last 12 Months Of Insider Transactions At Coelacanth Energy
In the last twelve months, the biggest single purchase by an insider was when Independent Director Raymond Hyer bought CA$3.4m worth of shares at a price of CA$0.80 per share. That means that an insider was happy to buy shares at above the current price of CA$0.78. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
Over the last year, we can see that insiders have bought 9.76m shares worth CA$7.8m. But insiders sold 7.40k shares worth CA$5.8k. Overall, Coelacanth Energy insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Coelacanth Energy is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Are Coelacanth Energy Insiders Buying Or Selling?
In the last quarter insider Thomas Claugus sold CA$5.8k worth of equity. That's not a lot. Looking at the net result, we don't think this recent trading sheds much light on how insiders, as a group, are feeling about the company's prospects.
Insider Ownership Of Coelacanth Energy
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 14% of Coelacanth Energy shares, worth about CA$56m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Coelacanth Energy Insiders?
Our data shows a little more insider selling, but no insider buying, in the last three months. But the sales were small, so we're not concerned. But insiders have shown more of an appetite for the stock, over the last year. Insiders do have a stake in Coelacanth Energy and their transactions don't cause us concern. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 4 warning signs for Coelacanth Energy you should be aware of, and 2 of these are a bit concerning.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
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.
