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Those following along with Cantex Mine Development Corp. (CVE:CD) will no doubt be intrigued by the recent purchase of shares by Charles Fipke, Chairman of the Board of the company, who spent a stonking CA$1m on stock at an average price of CA$0.12. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 28%.
See our latest analysis for Cantex Mine Development
The Last 12 Months Of Insider Transactions At Cantex Mine Development
Notably, that recent purchase by Charles Fipke is the biggest insider purchase of Cantex Mine Development shares that we've seen in the last year. Even though the purchase was made at a significantly lower price than the recent price (CA$0.14), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
In the last twelve months Cantex Mine Development insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and 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!
Cantex Mine Development 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 Cantex Mine Development Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Cantex Mine Development insiders own 34% of the company, worth about CA$5.5m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Cantex Mine Development Insider Transactions Indicate?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Insiders likely see value in Cantex Mine Development shares, given these transactions (along with notable insider ownership of the company). 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. Case in point: We've spotted 3 warning signs for Cantex Mine Development you should be aware of, and 1 of them is concerning.