David Emri of Colonial Coal International Corp. (CVE:CAD) Just Spent CA$129k On Shares

Investors who take an interest in Colonial Coal International Corp. (CVE:CAD) should definitely note that insider David Emri recently paid CA$0.68 per share to buy CA$129k worth of the stock. Although the purchase only increased their holding by 1.8%, it is still a solid purchase in our view.

Check out our latest analysis for Colonial Coal International

The Last 12 Months Of Insider Transactions At Colonial Coal International

Notably, that recent purchase by David Emri is the biggest insider purchase of Colonial Coal International shares that we've seen in the last year. That means that even when the share price was higher than CA$0.69 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. The only individual insider to buy over the last year was David Emri.

David Emri bought 239.00k shares over the last 12 months at an average price of CA$0.69. 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 growing companies that insiders are buying.

Insider Ownership of Colonial Coal International

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. It appears that Colonial Coal International insiders own 22% of the company, worth about CA$26m. 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 Does This Data Suggest About Colonial Coal International Insiders?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. 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 Colonial Coal International we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 3 warning signs for Colonial Coal International you should be aware of, and 1 of them doesn't sit too well with us.

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, but not derivative transactions.

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