Whilst it may not be a huge deal, we thought it was good to see that the Fission Uranium Corp. (TSE:FCU) Chairman & CEO, Devinder Randhawa, recently bought CA$66k worth of stock, for CA$0.30 per share. That might not be a big purchase but it only increased their holding by 4.7%, and could be interpreted as a good sign.
The Last 12 Months Of Insider Transactions At Fission Uranium
Notably, that recent purchase by Devinder Randhawa is the biggest insider purchase of Fission Uranium shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is CA$0.30. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Fission Uranium share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Devinder Randhawa.
You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
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. Based on our data, Fission Uranium insiders have about 1.7% of the stock, worth approximately CA$2.5m. But they may have an indirect interest through a corporate structure that we haven't picked up on. We prefer to see high levels of insider ownership.
So What Do The Fission Uranium Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Fission Uranium insiders are expecting a bright future. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
Of course Fission Uranium 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.
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