Stock Analysis

David Schoch Just Bought 52% More Shares In NanoXplore Inc. (CVE:GRA)

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TSX:GRA
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Even if it's not a huge purchase, we think it was good to see that David Schoch, a NanoXplore Inc. (CVE:GRA) insider, recently shelled out CA$58k to buy stock, at CA$3.89 per share. Even though that isn't a massive buy, it did increase their holding by 52%, which is arguably a good sign.

Check out our latest analysis for NanoXplore

NanoXplore Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Founder Soroush Nazarpour bought CA$95k worth of shares at a price of CA$1.30 per share. We do like to see buying, but this purchase was made at well below the current price of CA$3.92. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

While NanoXplore insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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TSXV:GRA Insider Trading Volume February 3rd 2021

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.

Does NanoXplore Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 9.6% of NanoXplore shares, worth about CA$55m. 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 Do The NanoXplore Insider Transactions Indicate?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Insiders likely see value in NanoXplore shares, given these transactions (along with notable insider ownership of the company). 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. For instance, we've identified 3 warning signs for NanoXplore (1 is potentially serious) you should be aware of.

But note: NanoXplore 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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