Director of Dr. Phone Fix Canada Jay Baraniecki Buys 124% More Shares

Potential Dr. Phone Fix Canada Corporation (CVE:DPF) shareholders may wish to note that the Director, Jay Baraniecki, recently bought CA$149k worth of stock, paying CA$0.15 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 124%.

Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit.

The Last 12 Months Of Insider Transactions At Dr. Phone Fix Canada

Notably, that recent purchase by Jay Baraniecki is the biggest insider purchase of Dr. Phone Fix Canada 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$0.16. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Dr. Phone Fix Canada insiders decided to buy shares at close to current prices.

Dr. Phone Fix Canada insiders may have bought shares in the last year, but they didn't sell any. 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!

Check out our latest analysis for Dr. Phone Fix Canada

Dr. Phone Fix Canada is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Does Dr. Phone Fix Canada Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Dr. Phone Fix Canada insiders own 54% of the company, currently worth about CA$15m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The Dr. Phone Fix Canada Insider Transactions Indicate?

The recent insider purchase is heartening. 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. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Dr. Phone Fix Canada. Looks promising! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For instance, we've identified 3 warning signs for Dr. Phone Fix Canada (2 are potentially serious) you should be aware of.

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.

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

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.