Allana Potash: 11 Different Insiders Have Purchased Shares
Summary
- 11 insiders purchased Allana stock within one month.
- The stock was sold by no insiders in the month of intensive purchasing.
- Nine of these 11 insiders increased their holdings by more than 10%.
Allana Potash (OTCPK:ALLRF) focuses on the acquisition and development of potash properties in Ethiopia.
(click to enlarge)
Insider buying during the last 30 days
Here is a table of Allana's insider activity during the last 30 days.
| Name |
Title |
Trade Date |
Shares Purchased |
Purchase Plan |
Current Ownership |
Increase InShares |
| Farhad Abasov |
CEO |
April 1 |
37,500 |
Yes |
2,207,500 shares |
+1.7% |
| Nejib Abba Biya |
SVP |
April 1 |
76,004 |
Yes |
326,338 shares |
+30.4% |
| Deborah Battiston |
CFO |
April 1 |
25,619 |
Yes |
209,159 shares |
+14.0% |
| Brianna Davies |
Corporate Secretary |
April 1 |
25,619 |
Yes |
209,159 shares |
+14.0% |
| Israel Chemicals Ltd. (OTCPK:ISCHY) |
10% Owner |
March 31 |
30,614,488 |
No |
53,191,489 shares |
+135.6% |
| Richard Lacroix |
Director |
April 1 |
20,495 |
Yes |
187,327 shares |
+12.3% |
| Lewis Mackenzie |
Director |
April 1 |
17,080 |
Yes |
267,773 shares |
+6.8% |
| Peter MacLean |
SVP |
April 1 |
76,004 |
Yes |
676,338 shares |
+12.7% |
| Jack Scott |
SVP |
April 1 |
76,004 |
Yes |
364,338 shares |
+26.4% |
| Mark Stauffer |
Chairman |
April 1 |
21,349 |
Yes |
80,966 shares |
+35.8% |
| Jason Wilkinson |
Project Manager |
April 1 |
50,384 |
Yes |
217,179 shares |
+30.2% |
There have been 31,040,546 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of Allana's insider activity by calendar month.
| Month |
Insider buying / shares |
Insider selling / shares |
| April 2014 |
426,058 |
0 |
| March 2014 |
30,614,488 |
0 |
| February 2014 |
22,577,001 |
0 |
| January 2014 |
163,169 |
0 |
| December 2013 |
0 |
0 |
| November 2013 |
0 |
0 |
| October 2013 |
431,250 |
0 |
| September 2013 |
0 |
0 |
| August 2013 |
0 |
0 |
| July 2013 |
393,750 |
0 |
| June 2013 |
0 |
0 |
| May 2013 |
0 |
0 |
| April 2013 |
454,250 |
0 |
| March 2013 |
0 |
0 |
| February 2013 |
99,500 |
0 |
| January 2013 |
0 |
0 |
There have been 55,159,466 shares purchased, and there have been zero shares sold by insiders since January 2013.
Financials
Allana reported the fiscal 2014 second-quarter, which ended January 31, financial results on March 10 with the following highlights:
| Revenue |
$0 |
| Net loss |
C$0.1 million |
| Cash |
C$8.2 million |
On March 31, Allana closed a $14.4 million financing.
On February 12, Allana closed a $10.6 million financing.
Upcoming milestones
Allana's upcoming milestones include the following.
(click to enlarge)
(Source: Investor presentation)
Competition
Allana's competitors include The Mosaic Company (MOS) and Potash Corporation of Saskatchewan (POT). Here is a table comparing these companies.
| Company |
ALLRF |
MOS |
POT |
| Market Cap: |
112.61M |
19.61B |
29.45B |
| Employees: |
N/A |
8,200 |
5,787 |
| Qtrly Rev Growth (yoy): |
N/A |
-0.08 |
-0.08 |
| Revenue: |
N/A |
8.17B |
6.73B |
| Gross Margin: |
N/A |
0.17 |
0.41 |
| EBITDA: |
-3.46M |
1.66B |
2.95B |
| Operating Margin: |
N/A |
0.12 |
0.34 |
| Net Income: |
-5.12M |
576.00M |
1.78B |
| EPS: |
-0.02 |
1.37 |
2.04 |
| P/E: |
N/A |
35.91 |
N/A |
| PEG (5 yr expected): |
N/A |
N/A |
3.07 |
| P/S: |
N/A |
2.42 |
4.42 |
Allana doesn't have any revenues yet.
Here is a table of these competitors' insider activities this year.
| Company |
Insider buying / shares |
Insider selling / shares |
| MOS |
0 |
483 |
| POT |
4,900 |
141,375 |
Only Allana has seen intensive insider buying during the last 30 days.
Conclusion
There have been 11 different insiders buying Allana, and there have not been any insiders selling Allana during the last 30 days. Nine of these 11 insiders increased their holdings by more than 10%.
(click to enlarge)
(Source: Investor presentation)
The 11 insiders purchased their shares at prices ranging from $0.395 (C$0.435) to $0.427 (C$0.47). I believe Allana Potash could be a good pick below $0.43 based on the intensive insider buying.
(click to enlarge)
(Source: Investor presentation)
Editor's Note: This article covers a stock trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.
GLTA
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