Yahoo Finance California Nanotechnologies Insider Buyers Net US$164k Despite 29% Stock Decline
Insiders who bought California Nanotechnologies Corp. (CVE:CNO) in the last 12 months may probably not pay attention to the stock's recent 29% drop. After taking the recent loss into consideration, the US$448.0k worth of stock they bought is now worth US$612.3k, indicating that their investment yielded a positive return.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
View our latest analysis for California Nanotechnologies
California Nanotechnologies Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when CEO & Director Eric Eyerman bought CA$333k worth of shares at a price of CA$0.15 per share. We do like to see buying, but this purchase was made at well below the current price of CA$0.20. 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.
While California Nanotechnologies 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 click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
California Nanotechnologies Insiders Bought Stock Recently
Over the last three months, we've seen significant insider buying at California Nanotechnologies. Overall, three insiders shelled out CA$448k for shares in the company -- and none sold. This makes one think the business has some good points.
Does California Nanotechnologies Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 20% of California Nanotechnologies shares, worth about CA$2.0m. 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 Do The California Nanotechnologies Insider Transactions Indicate?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Insiders likely see value in California Nanotechnologies shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing California Nanotechnologies. For instance, we've identified 7 warning signs for California Nanotechnologies (4 shouldn't be ignored) you should be aware of.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
