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Insider Buying: David Emri Just Spent CA$129k On Colonial Coal International Corp. (CVE:CAD) Shares

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Simply Wall St
·3 min read
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Investors who take an interest in Colonial Coal International Corp. (CVE:CAD) should definitely note that insider David Emri recently paid CA$0.68 per share to buy CA$129k worth of the stock. Although the purchase only increased their holding by 1.8%, it is still a solid purchase in our view.

See our latest analysis for Colonial Coal International

The Last 12 Months Of Insider Transactions At Colonial Coal International

In fact, the recent purchase by David Emri was the biggest purchase of Colonial Coal International shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$0.69). Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares is very important. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. The only individual insider to buy over the last year was David Emri.

David Emri bought 239.00k shares over the last 12 months at an average price of CA$0.69. 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!

insider-trading-volume
insider-trading-volume

Colonial Coal International 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 Colonial Coal International

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Insiders own 22% of Colonial Coal International shares, worth about CA$26m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Colonial Coal International Tell Us?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest Colonial Coal International insiders are well aligned, and that they may think the share price is too low. 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. For example, Colonial Coal International has 3 warning signs (and 1 which is concerning) we think you should know about.

Of course Colonial Coal International 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, but not derivative transactions.

This article by Simply Wall St is general in nature. 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.