Brian Paes-Braga Bought 4.8% More Shares In NG Energy International

Those following along with NG Energy International Corp. (CVE:GASX) will no doubt be intrigued by the recent purchase of shares by Brian Paes-Braga, CEO & Chairman of the Board of the company, who spent a stonking CA$1.6m on stock at an average price of CA$1.05. While that only increased their holding size by 4.8%, it is still a big swing by our standards.

View our latest analysis for NG Energy International

NG Energy International Insider Transactions Over The Last Year

Notably, that recent purchase by Brian Paes-Braga is the biggest insider purchase of NG Energy International shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is CA$1.06. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for NG Energy International share holders is that insiders were buying at near the current price.

NG Energy International insiders may have bought shares in the last year, but they didn't sell any. 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!

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

Does NG Energy International Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. NG Energy International insiders own about CA$37m worth of shares. That equates to 14% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About NG Energy International Insiders?

It's certainly positive to see the recent insider purchases. 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. Given that insiders also own a fair bit of NG Energy International we think they are probably pretty confident of a bright future. 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 2 warning signs for NG Energy International you should be aware of.

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 of direct interests only, but not derivative transactions or indirect interests.

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