Canadian Premium Sand Insider Purchases Yet To Pay Off Regardless Of Recent Strength

Insiders who bought CA$90.1k worth of Canadian Premium Sand Inc. (CVE:CPS) stock in the last year have seen some of their losses recouped as the stock gained 15% last week. However, total losses seen by insiders are still CA$27k since the time of purchase.

While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.

View our latest analysis for Canadian Premium Sand

Canadian Premium Sand Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by Vice President of Corporate Development Anshul Vishal for CA$66k worth of shares, at about CA$0.56 per share. That means that an insider was happy to buy shares at above the current price of CA$0.35. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

While Canadian Premium Sand insiders bought shares during the last year, they didn't sell. 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!

Canadian Premium Sand 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.

Canadian Premium Sand Insiders Bought Stock Recently

There was some insider buying at Canadian Premium Sand over the last quarter. President Glenn Leroux bought CA$24k worth of shares in that time. It's good to see the insider buying, as well as the lack of recent sellers. But the amount invested in the last three months isn't enough for us too put much weight on it, as a single factor.

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. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that Canadian Premium Sand insiders own 6.8% of the company, worth about CA$2.0m. Whilst better than nothing, we're not overly impressed by these holdings.

So What Does This Data Suggest About Canadian Premium Sand Insiders?

Our data shows a little insider buying, but no selling, in the last three months. Overall the buying isn't worth writing home about. But insiders have shown more of an appetite for the stock, over the last year. While we have no worries about the insider transactions, we'd be more comfortable if they owned more Canadian Premium Sand stock. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To help with this, we've discovered 5 warning signs (3 are concerning!) that you ought to be aware of before buying any shares in Canadian Premium Sand.

But note: Canadian Premium Sand 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.

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

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.