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Insiders who acquired US$616.8k worth of Petro-Victory Energy Corp.'s (CVE:VRY) stock at an average price of US$2.01 in the past 12 months may be dismayed by the recent 18% price decline. Insiders purchase with the hope of seeing their investments increase in value over time. However, due to recent losses, their initial investment is now only worth US$276.8k, which is not great.
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 Petro-Victory Energy
The Last 12 Months Of Insider Transactions At Petro-Victory Energy
The Independent Non-Executive Director Thomas Bryant made the biggest insider purchase in the last 12 months. That single transaction was for CA$600k worth of shares at a price of CA$2.00 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$0.90). Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Happily, we note that in the last year insiders paid CA$617k for 307.60k shares. On the other hand they divested 300.00k shares, for CA$600k. In total, Petro-Victory Energy insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Have Petro-Victory Energy Insiders Traded Recently?
We've only seen a tiny insider purchase valued at CA$3.3k, in the last three months. Looking at the net result, we don't think these recent trades shed much light on how insiders, as a group, are feeling about the company's prospects.
Does Petro-Victory Energy 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. 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 appears that Petro-Victory Energy insiders own 24% of the company, worth about CA$4.4m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.