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Over the last year, a good number of insiders have significantly increased their holdings in Anaergia Inc. (TSE:ANRG). 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, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Our free stock report includes 4 warning signs investors should be aware of before investing in Anaergia. Read for free now.
Anaergia Insider Transactions Over The Last Year
The Independent Director Ronen Kantor made the biggest insider purchase in the last 12 months. That single transaction was for CA$980k worth of shares at a price of CA$0.40 each. Even though the purchase was made at a significantly lower price than the recent price (CA$1.14), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Anaergia insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Check out our latest analysis for Anaergia
Anaergia is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Anaergia Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Anaergia insiders own 26% of the company, worth about CA$51m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Anaergia Insiders?
There haven't been any insider transactions in the last three months -- that doesn't mean much. But insiders have shown more of an appetite for the stock, over the last year. Overall we don't see anything to make us think Anaergia insiders are doubting the company, and they do own shares. While it's good to be aware of 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. At Simply Wall St, we've found that Anaergia has 4 warning signs (2 are potentially serious!) that deserve your attention before going any further with your analysis.