Even if it's not a huge purchase, we think it was good to see that Jean-Charles Potvin, the Independent Director of Azimut Exploration Inc. (CVE:AZM) recently shelled out CA$87k to buy stock, at CA$1.46 per share. However, we do note that it only increased their holding by 8.5%, and it wasn't a huge purchase by absolute value, either.
Azimut Exploration Insider Transactions Over The Last Year
Notably, that recent purchase by Jean-Charles Potvin is the biggest insider purchase of Azimut Exploration shares that we've seen in the last year. That implies that an insider found the current price of CA$1.50 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.
Azimut Exploration insiders may have bought shares in the last year, but they didn't sell any. Their average price was about CA$0.88. We don't deny that it is nice to see insiders buying stock in the company. But we must note that the investments were made at well below today's share price. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Azimut Exploration is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that Azimut Exploration insiders own about CA$4.4m worth of shares (which is 5.0% of the company). Whilst better than nothing, we're not overly impressed by these holdings.
What Might The Insider Transactions At Azimut Exploration Tell Us?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss last year, which makes us a little cautious. 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 Azimut Exploration stock. I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.
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.
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