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Over the last year, a good number of insiders have significantly increased their holdings in Coelacanth Energy Inc. (CVE:CEI). This is encouraging because it indicates that insiders are more optimistic about the company's prospects.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for Coelacanth Energy
The Last 12 Months Of Insider Transactions At Coelacanth Energy
In the last twelve months, the biggest single purchase by an insider was when Independent Director Raymond Hyer bought CA$3.4m worth of shares at a price of CA$0.80 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$0.74). It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. 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$8.5m for 10.70m shares. On the other hand they divested 1.12m shares, for CA$877k. In the last twelve months there was more buying than selling by Coelacanth Energy insiders. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Are Coelacanth Energy Insiders Buying Or Selling?
Over the last three months, we've seen a bit of insider selling at Coelacanth Energy. insider Thomas Claugus sold just CA$8.0k worth of shares in that time. Neither the lack of buying nor the presence of selling is heartening. But the volume sold is so low that it really doesn't bother us.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Coelacanth Energy insiders own 14% of the company, worth about CA$54m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.