Sean E. Roosen of Harfang Exploration Inc. (CVE:HAR) Just Spent CA$50k On Shares

Whilst it may not be a huge deal, we thought it was good to see that Sean E. Roosen, who is a company insider, recently bought CA$50k worth of stock, for CA$0.50 per share. Even though that isn't a massive buy, it did increase their holding by 59%, which is arguably a good sign.

View our latest analysis for Harfang Exploration

The Last 12 Months Of Insider Transactions At Harfang Exploration

In fact, the recent purchase by Sean E. Roosen was the biggest purchase of Harfang Exploration shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$0.37). Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Notably Sean E. Roosen was also the biggest seller.

In the last twelve months insiders purchased 378.35k shares for CA$134k. But insiders sold 18.50k shares worth CA$3.3k. In the last twelve months there was more buying than selling by Harfang Exploration insiders. The average buy price was around CA$0.36. These transactions show that insiders have confidence to invest their own money in the stock, albeit at slightly below the recent price of CA$0.37. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Harfang Exploration is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Harfang Exploration Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that Harfang Exploration insiders own 7.6% of the company, worth about CA$1.3m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

What Might The Insider Transactions At Harfang Exploration Tell Us?

It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Harfang Exploration insiders are expecting 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. To help with this, we've discovered 4 warning signs (2 are significant!) that you ought to be aware of before buying any shares in Harfang Exploration.

Of course Harfang Exploration may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

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.

If you’re looking to trade Harfang Exploration, open an account with the lowest-cost* platform trusted by professionals, Interactive Brokers. Their clients from over 200 countries and territories trade stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. Promoted

This article by Simply Wall St is general in nature. 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.
^*Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.