Advertisement
Canada markets open in 18 minutes
  • S&P/TSX

    22,107.08
    +194.56 (+0.89%)
     
  • S&P 500

    5,248.49
    +44.91 (+0.86%)
     
  • DOW

    39,760.08
    +477.75 (+1.22%)
     
  • CAD/USD

    0.7368
    -0.0004 (-0.06%)
     
  • CRUDE OIL

    82.59
    +1.24 (+1.52%)
     
  • Bitcoin CAD

    96,005.11
    -388.80 (-0.40%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,234.80
    +22.10 (+1.00%)
     
  • RUSSELL 2000

    2,114.35
    +44.19 (+2.13%)
     
  • 10-Yr Bond

    4.2100
    +0.0140 (+0.33%)
     
  • NASDAQ futures

    18,501.00
    -2.75 (-0.01%)
     
  • VOLATILITY

    12.97
    +0.19 (+1.49%)
     
  • FTSE

    7,956.49
    +24.51 (+0.31%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • CAD/EUR

    0.6813
    +0.0008 (+0.12%)
     

Insider Buying: The Yorkton Equity Group Inc. (CVE:YEG) President and Chief Executive Officer Just Bought 62% More Shares

Those following along with Yorkton Equity Group Inc. (CVE:YEG) will no doubt be intrigued by the recent purchase of shares by Ben Lui, President and Chief Executive Officer of the company, who spent a stonking CA$7.9m on stock at an average price of CA$0.25. That increased their holding by a full 62%, which arguably implies the sort of confidence required for a shy sweet-natured nerd to ask the most popular kid in the school to go out on a date.

View our latest analysis for Yorkton Equity Group

Yorkton Equity Group Insider Transactions Over The Last Year

In fact, the recent purchase by Ben Lui was the biggest purchase of Yorkton Equity Group shares made by an insider individual in the last twelve months, according to our records. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$0.35. 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.

ADVERTISEMENT

In the last twelve months insiders purchased 31.56m shares for CA$7.9m. On the other hand they divested 25.00k shares, for CA$7.5k. In the last twelve months there was more buying than selling by Yorkton Equity Group insiders. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
insider-trading-volume

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of Yorkton Equity Group

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Yorkton Equity Group insiders own 121% of the company, currently worth about CA$29m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Yorkton Equity Group Tell Us?

It is good to see recent purchasing. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Yorkton Equity Group. One for the watchlist, at least! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To that end, you should learn about the 4 warning signs we've spotted with Yorkton Equity Group (including 2 which are potentially serious).

But note: Yorkton Equity Group 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.

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. 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.