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The Independent Chairman of the Board of Canacol Energy Ltd (TSE:CNE), Michael Hibberd, Just Bought 2.0% More Shares

·2 min read

Even if it's not a huge purchase, we think it was good to see that Michael Hibberd, the Independent Chairman of the Board of Canacol Energy Ltd (TSE:CNE) recently shelled out CA$12k to buy stock, at CA$2.42 per share. Although the purchase is not a big one, increasing their shareholding by only 2.0%, it can be interpreted as a good sign.

Check out our latest analysis for Canacol Energy

The Last 12 Months Of Insider Transactions At Canacol Energy

There wasn't any very large single transaction over the last year, but we can still observe some trading.

Canacol Energy insiders may have bought shares in the last year, but they didn't sell any. 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!

insider-trading-volume
insider-trading-volume

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of Canacol Energy

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 2.4% of Canacol Energy shares, worth about CA$9.7m, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

What Might The Insider Transactions At Canacol Energy Tell Us?

Insider purchases may have been minimal, in the last three months, but there was no selling at all. The net investment is not enough to encourage us much. On a brighter note, the transactions over the last year are encouraging. We'd like to see bigger individual holdings. However, we don't see anything to make us think Canacol Energy insiders are doubting the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Canacol Energy. At Simply Wall St, we've found that Canacol Energy has 2 warning signs (1 doesn't sit too well with us!) that deserve your attention before going any further with your analysis.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.

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