Yahoo Finance Independent Director David Woolford Just Bought Shares In EnerDynamic Hybrid Technologies Corp. (CVE:EHT)
Investors who take an interest in EnerDynamic Hybrid Technologies Corp. (CVE:EHT) should definitely note that the Independent Director, David Woolford, recently paid CA$0.05 per share to buy CA$530k worth of the stock. That certainly has us anticipating the best, especially since they thusly increased their own holding by 79%, potentially signalling some real optimism.
View our latest analysis for EnerDynamic Hybrid Technologies
The Last 12 Months Of Insider Transactions At EnerDynamic Hybrid Technologies
In fact, the recent purchase by David Woolford was the biggest purchase of EnerDynamic Hybrid Technologies shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of CA$0.03. 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 an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. David Woolford was the only individual insider to buy shares in the last twelve months.
David Woolford bought 16.19m shares over the last 12 months at an average price of CA$0.048. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
EnerDynamic Hybrid Technologies 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.
Does EnerDynamic Hybrid Technologies Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that EnerDynamic Hybrid Technologies insiders own 19% of the company, worth about CA$2.1m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About EnerDynamic Hybrid Technologies Insiders?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of EnerDynamic Hybrid Technologies we think they are probably pretty confident of a bright future. 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.
But note: EnerDynamic Hybrid Technologies may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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, but not derivative transactions.
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