Charles Fipke Is The Chairman of the Board of Cantex Mine Development Corp. (CVE:CD) And Just Spent CA$154k On Shares

Potential Cantex Mine Development Corp. (CVE:CD) shareholders may wish to note that the Chairman of the Board, Charles Fipke, recently bought CA$154k worth of stock, paying CA$1.28 for each share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

See our latest analysis for Cantex Mine Development

Cantex Mine Development Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the CFO & Secretary, Jennifer Irons, for CA$605k worth of shares, at about CA$5.07 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is CA$1.38. So it is hard to draw any strong conclusion from it.

Over the last year, we can see that insiders have bought 812.50k shares worth CA$644k. On the other hand they divested 794.29k shares, for CA$2.6m. In total, Cantex Mine Development insiders sold more than they bought over the last year. They sold for an average price of about CA$3.26. We are not joyful about insider selling. But the selling was at much higher prices than the current share price (CA$1.38), so it probably doesn't tell us a lot about the value on offer today. 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!

I will like Cantex Mine Development better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that Cantex Mine Development insiders own 42% of the company, worth about CA$28m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Cantex Mine Development Tell Us?

It is good to see the recent insider purchase. But we can't say the same for the transactions over the last 12 months. The recent buying by an insider , along with high insider ownership, suggest that Cantex Mine Development insiders are fairly aligned, and optimistic. 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 instance, we've identified 5 warning signs for Cantex Mine Development (2 are a bit concerning) you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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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