President of PyroGenesis Canada Photis Pascali Buys 2.0% More Shares

PyroGenesis Canada Inc. (TSE:PYR) shareholders (or potential shareholders) will be happy to see that the President, Photis Pascali, recently bought a whopping CA$1.2m worth of stock, at a price of CA$0.80. While that only increased their holding size by 2.0%, it is still a big swing by our standards.

Check out our latest analysis for PyroGenesis Canada

The Last 12 Months Of Insider Transactions At PyroGenesis Canada

Notably, that recent purchase by Photis Pascali is the biggest insider purchase of PyroGenesis Canada shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of CA$0.86. That means they have been optimistic about the company in the past, though they may have changed their mind. 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 PyroGenesis Canada share holders is that insiders were buying at near the current price.

Happily, we note that in the last year insiders paid CA$1.3m for 1.58m shares. On the other hand they divested 35.00k shares, for CA$22k. Overall, PyroGenesis Canada insiders were net buyers during the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

PyroGenesis Canada is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. PyroGenesis Canada insiders own 41% of the company, currently worth about CA$66m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At PyroGenesis Canada Tell Us?

The recent insider purchases are 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. Once you factor in the high insider ownership, it certainly seems like insiders are positive about PyroGenesis Canada. Nice! While it's good to be aware of 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. Case in point: We've spotted 3 warning signs for PyroGenesis Canada you should be aware of, and 2 of these are significant.

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 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.

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