Anastasios Drivas Is The President of Appia Energy Corp. (CSE:API) And They Just Picked Up 19% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Appia Energy Corp. (CSE:API) President, Anastasios Drivas, recently bought CA$59k worth of stock, for CA$0.25 per share. That purchase might not be huge but it did increase their holding by 19%.

View our latest analysis for Appia Energy

The Last 12 Months Of Insider Transactions At Appia Energy

In fact, the recent purchase by President Anastasios Drivas was not their only acquisition of Appia Energy shares this year. Earlier in the year, they paid CA$0.25 per share in a CA$140k purchase. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$0.38. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

In the last twelve months insiders purchased 1.08m shares for CA$257k. On the other hand they divested 63.00k shares, for CA$26k. Overall, Appia Energy insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Appia Energy is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Appia Energy Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Based on our data, Appia Energy insiders have about 2.4% of the stock, worth approximately CA$838k. 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 Does This Data Suggest About Appia Energy Insiders?

Insider purchases may have been minimal, in the last three months, but there was no selling at all. Overall the buying isn't worth writing home about. However, our analysis of transactions over the last year is heartening. The transactions are fine but it'd be more encouraging if Appia Energy insiders bought more shares in the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Our analysis shows 3 warning signs for Appia Energy (1 is a bit concerning!) and we strongly recommend you look at these before investing.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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, but not derivative transactions.

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