Nanoveu Executive Chairman Acquires 305% More Stock

Potential Nanoveu Limited (ASX:NVU) shareholders may wish to note that the Executive Chairman, David Pevcic, recently bought AU$300k worth of stock, paying AU$0.026 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 305%.

View our latest analysis for Nanoveu

The Last 12 Months Of Insider Transactions At Nanoveu

Notably, that recent purchase by David Pevcic is the biggest insider purchase of Nanoveu shares that we've seen in the last year. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of AU$0.038. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

David Pevcic bought a total of 12.94m shares over the year at an average price of AU$0.027. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Nanoveu insiders own about AU$9.3m worth of shares (which is 44% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The Nanoveu Insider Transactions Indicate?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Nanoveu. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Nanoveu. At Simply Wall St, we've found that Nanoveu has 4 warning signs (3 are a bit concerning!) that deserve your attention before going any further with your analysis.

But note: Nanoveu may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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 of direct interests only, but not derivative transactions or indirect interests.

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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.