In This Article:
Whilst it may not be a huge deal, we thought it was good to see that the Western Exploration Inc. (CVE:WEX) Independent Director, Gerard Munera, recently bought CA$83k worth of stock, for CA$0.83 per share. Even though that isn't a massive buy, it did increase their holding by 163%, which is arguably a good sign.
The Last 12 Months Of Insider Transactions At Western Exploration
Notably, that recent purchase by Gerard Munera is the biggest insider purchase of Western Exploration shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$0.83). 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. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
While Western Exploration insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
View our latest analysis for Western Exploration
Western Exploration is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership Of Western Exploration
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. It's great to see that Western Exploration insiders own 46% of the company, worth about CA$17m. 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 Western Exploration Tell Us?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Western Exploration. One for the watchlist, at least! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Western Exploration. To help with this, we've discovered 4 warning signs (3 are significant!) that you ought to be aware of before buying any shares in Western Exploration.