William Sheriff Bought 7.8% More Shares In enCore Energy
Potential enCore Energy Corp. (CVE:EU) shareholders may wish to note that the Executive Chairman, William Sheriff, recently bought CA$142k worth of stock, paying CA$1.13 for each share. Although the purchase only increased their holding by 7.8%, it is still a solid purchase in our view.
The Last 12 Months Of Insider Transactions At enCore Energy
The Independent Lead Director Mark Pelizza made the biggest insider purchase in the last 12 months. That single transaction was for CA$383k worth of shares at a price of CA$1.95 each. That means that an insider was happy to buy shares at above the current price of CA$1.71. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. 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.
Over the last year, we can see that insiders have bought 814.72k shares worth CA$1.4m. On the other hand they divested 265.00k shares, for CA$1.2m. Overall, enCore Energy insiders were net buyers during the last year. Their average price was about CA$1.69. Although they bought at below the recent share price, it is good to see that insiders are willing to invest in the company. 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!
See our latest analysis for enCore Energy
enCore Energy 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.
Insider Ownership Of enCore Energy
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data suggests enCore Energy insiders own 1.7% of the company, worth about CA$4.9m. I generally like to see higher levels of ownership.
What Might The Insider Transactions At enCore Energy Tell Us?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on enCore Energy stock. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of enCore Energy.
Of course enCore Energy may not be the best stock to buy. So you may wish to see this free collection of high quality 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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