GoviEx Uranium Inc. (CVE:GXU) insiders got a good deal: Sold stock currently worth CA$0.21 at US$0.44 over the past year

Even though GoviEx Uranium Inc. (CVE:GXU) stock gained 16% last week, insiders who sold US$393k worth of stock over the past year are probably better off. Selling at an average price of US$0.44, which is higher than the current price might have been the right call as holding on to stock would have meant their investment would be worth less now than it was at the time of sale.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for GoviEx Uranium

The Last 12 Months Of Insider Transactions At GoviEx Uranium

In the last twelve months, the biggest single sale by an insider was when the Independent Director, David Cates, sold CA$139k worth of shares at a price of CA$0.41 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of CA$0.21. So it is hard to draw any strong conclusion from it.

In the last twelve months insiders purchased 277.00k shares for CA$61k. On the other hand they divested 903.50k shares, for CA$393k. In total, GoviEx Uranium insiders sold more than they bought over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like GoviEx Uranium better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

GoviEx Uranium Insiders Bought Stock Recently

We saw some GoviEx Uranium insider buying shares in the last three months. Insiders purchased CA$61k worth of shares in that period. We like it when there are only buyers, and no sellers. However, in this case the amount invested recently is quite small.

Does GoviEx Uranium Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. GoviEx Uranium insiders own about CA$16m worth of shares. That equates to 12% of the company. 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 GoviEx Uranium Insider Transactions Indicate?

It's certainly positive to see the recent insider purchases. However, the longer term transactions are not so encouraging. We don't take much heart from transactions by GoviEx Uranium insiders over the last year. But they own a reasonable amount of the company, and there was some buying recently. So they seem pretty well aligned, overall. While we like knowing 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. To help with this, we've discovered 3 warning signs (2 can't be ignored!) that you ought to be aware of before buying any shares in GoviEx Uranium.

But note: GoviEx Uranium 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, but not derivative transactions.

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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.