Petro-Victory Energy Corp. (CVE:VRY) insiders are undoubtedly delighted they bought last year with gains to date at US$2.7m
Insiders who bought Petro-Victory Energy Corp. (CVE:VRY) stock lover the last 12 months are probably not as affected by last week’s 21% loss. Even after accounting for the recent loss, the US$1.1m worth of stock purchased by them is now worth US$3.8m or in other words, their investment continues to give good returns.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for Petro-Victory Energy
The Last 12 Months Of Insider Transactions At Petro-Victory Energy
Over the last year, we can see that the biggest insider purchase was by Additional Independent Non-Executive Director Thomas Bryant for CA$690k worth of shares, at about CA$1.00 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$4.22. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Happily, we note that in the last year insiders paid CA$1.1m for 911.85k shares. But insiders sold 690.15k shares worth CA$690k. In total, Petro-Victory Energy insiders bought more than they sold over the last year. They paid about CA$1.24 on average. It is certainly positive to see that insiders have invested their own money in the company. However, you should keep in mind that they bought when the share price was meaningfully below today's levels. 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!
Petro-Victory Energy is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership of Petro-Victory Energy
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 24% of Petro-Victory Energy shares, worth about CA$18m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Petro-Victory Energy Tell Us?
It doesn't really mean much that no insider has traded Petro-Victory Energy shares in the last quarter. However, our analysis of transactions over the last year is heartening. Insiders own shares in Petro-Victory Energy and we see no evidence to suggest they are worried about the future. While we like knowing 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. At Simply Wall St, we've found that Petro-Victory Energy has 4 warning signs (2 shouldn't be ignored!) that deserve your attention before going any further with your analysis.
But note: Petro-Victory Energy may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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, but not derivative transactions.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
