Yahoo Finance Trade Alert: The President Of Seven Generations Energy Ltd. (TSE:VII), Marty Proctor, Has Just Spent CA$54k Buying Shares
Even if it's not a huge purchase, we think it was good to see that Marty Proctor, the President of Seven Generations Energy Ltd. (TSE:VII) recently shelled out CA$54k to buy stock, at CA$5.35 per share. However, we do note that it only increased their holding by 3.5%, and it wasn't a huge purchase by absolute value, either.
See our latest analysis for Seven Generations Energy
Seven Generations Energy Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the insider, Jordan Johnsen, sold CA$429k worth of shares at a price of CA$6.48 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is CA$4.55. So it may not tell us anything about how insiders feel about the current share price.
In the last twelve months insiders purchased 91.68k shares for CA$705k. But insiders sold 66417 shares worth CA$431k. In total, Seven Generations Energy insiders bought more than they sold over the last year. Their average price was about CA$7.69. This is nice to see since it implies that insiders might see value around current prices. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Seven Generations Energy is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Seven Generations Energy Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data suggests Seven Generations Energy insiders own 0.3% of the company, worth about CA$4.3m. We prefer to see high levels of insider ownership.
What Might The Insider Transactions At Seven Generations Energy Tell Us?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Seven Generations Energy insiders are reasonably well aligned, and optimistic for the future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Be aware that Seven Generations Energy is showing 2 warning signs in our investment analysis, and 1 of those is a bit concerning...
But note: Seven Generations Energy 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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