CanAlaska Uranium Insiders Sell CA$1.4m Of Stock, Possibly Signalling Caution

CanAlaska Uranium Ltd. (CVE:CVV) shareholders might have a reason to worry after multiple insiders sold their shares over the last year. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, when multiple insiders sell stock over a specific duration, shareholders should take notice as that could possibly be a red flag.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.

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The Last 12 Months Of Insider Transactions At CanAlaska Uranium

In the last twelve months, the biggest single sale by an insider was when the Non-Executive Director, Peter Dasler, sold CA$437k worth of shares at a price of CA$0.73 per share. So what is clear is that an insider saw fit to sell at around the current price of CA$0.70. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Over the last year, we can see that insiders have bought 130.00k shares worth CA$97k. But they sold 1.81m shares for CA$1.4m. All up, insiders sold more shares in CanAlaska Uranium than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See our latest analysis for CanAlaska Uranium

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of CanAlaska Uranium

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that CanAlaska Uranium insiders own 5.8% of the company, worth about CA$8.9m. Whilst better than nothing, we're not overly impressed by these holdings.

What Might The Insider Transactions At CanAlaska Uranium Tell Us?

It doesn't really mean much that no insider has traded CanAlaska Uranium shares in the last quarter. Our analysis of CanAlaska Uranium insider transactions leaves us unenthusiastic. We also note that, as far as we can see, insider ownership is fairly low, compared to other companies. 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. For instance, we've identified 4 warning signs for CanAlaska Uranium (2 make us uncomfortable) 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 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.