We note that the enCore Energy Corp. (CVE:EU) Executive Chairman, William Sheriff, recently sold CA$123k worth of stock for CA$5.14 per share. On the bright side, that's just a small sale and only reduced their holding by 1.1%.
View our latest analysis for enCore Energy
The Last 12 Months Of Insider Transactions At enCore Energy
Over the last year, we can see that the biggest insider sale was by the Independent Director, William Harris, for CA$640k worth of shares, at about CA$6.41 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (CA$4.71). So it may not shed much light on insider confidence at current levels.
Over the last year we saw more insider selling of enCore Energy shares, than buying. 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!
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Insider Ownership Of enCore Energy
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. Insiders own 2.1% of enCore Energy shares, worth about CA$18m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The enCore Energy Insider Transactions Indicate?
An insider sold stock recently, but they haven't been buying. Zooming out, the longer term picture doesn't give us much comfort. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! 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. At Simply Wall St, we found 2 warning signs for enCore Energy that deserve your attention before buying any shares.
Of course enCore Energy may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
About TSXV:EU
enCore Energy
Engages in the acquisition, exploration, and development of uranium resource properties in the United States.
High growth potential with adequate balance sheet.
