Petro-Victory Energy Additional Independent Non-Executive Director Acquires 13% More Stock

Potential Petro-Victory Energy Corp. (CVE:VRY) shareholders may wish to note that the Additional Independent Non-Executive Director, Thomas Bryant, recently bought CA$600k worth of stock, paying CA$2.00 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 13%.

Check out our latest analysis for Petro-Victory Energy

The Last 12 Months Of Insider Transactions At Petro-Victory Energy

Notably, that recent purchase by Thomas Bryant is the biggest insider purchase of Petro-Victory Energy shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of CA$2.10. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. 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. Happily, the Petro-Victory Energy insiders decided to buy shares at close to current prices.

Over the last year, we can see that insiders have bought 305.90k shares worth CA$614k. But insiders sold 300.00k shares worth CA$600k. In total, Petro-Victory Energy insiders bought more than they sold over the last year. 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!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 24% of Petro-Victory Energy shares, worth about CA$10m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Petro-Victory Energy Insider Transactions Indicate?

We can't make any useful conclusions about recent trading, since insider buying and selling has been balanced. However, our analysis of transactions over the last year is heartening. Overall we don't see anything to make us think Petro-Victory Energy insiders are doubting the company, and they do own shares. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example, Petro-Victory Energy has 5 warning signs (and 2 which are a bit concerning) we think you should know about.

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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