Yahoo Finance How Many Plateau Energy Metals Inc. (CVE:PLU) Shares Did Insiders Buy, In The Last Year?
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We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So shareholders might well want to know whether insiders have been buying or selling shares in Plateau Energy Metals Inc. (CVE:PLU).
What Is Insider Selling?
Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock on the market. However, rules govern insider transactions, and certain disclosures are required.
Insider transactions are not the most important thing when it comes to long-term investing. But equally, we would consider it foolish to ignore insider transactions altogether. For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.'
See our latest analysis for Plateau Energy Metals
The Last 12 Months Of Insider Transactions At Plateau Energy Metals
Robert Disbrow made the biggest insider purchase in the last 12 months. That single transaction was for CA$589k worth of shares at a price of CA$0.95 each. That means that even when the share price was higher than CA$0.55 (the recent price), an insider wanted to purchase shares. 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. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
Happily, we note that in the last year insiders paid CA$3.7m for 4.2m shares. But insiders sold 55000 shares worth CA$48k. Overall, Plateau Energy Metals insiders were net buyers last year. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Plateau Energy Metals is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insiders at Plateau Energy Metals Have Bought Stock Recently
At Plateau Energy Metals,over the last quarter, we have observed quite a lot more insider buying than insider selling. In fact, four insiders bought CA$377k worth of shares. But we did see Thomas Relling sell shares worth CA$11k. The buying outweighs the selling, which suggests that insiders may believe the company will do well in the future.
Insider Ownership of Plateau Energy Metals
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Plateau Energy Metals insiders own about CA$14m worth of shares. That equates to 33% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Plateau Energy Metals Tell Us?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest Plateau Energy Metals insiders are well aligned, and that they may think the share price is too low. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Plateau Energy Metals.
But note: Plateau Energy Metals 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.
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.
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. Thank you for reading.
