We'd be surprised if CGX Energy Inc. <OYL> shareholders haven't noticed that the CFO & Corporate Secretary, Tralisa Maraj, recently sold CA$128k worth of stock at CA$1.50 per share. Equally important, that sale actually reduced their holding by a full 94% which hardly makes us feel bullish about the stock.
See our latest analysis for CGX Energy
CGX Energy Insider Transactions Over The Last Year
In fact, the recent sale by Tralisa Maraj was the biggest sale of CGX Energy shares made by an insider individual in the last twelve months, according to our records. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (CA$1.13). So it is hard to draw any strong conclusion from it.
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!
TSXV:OYL Insider Trading Volume October 21st 2021 I will like CGX Energy better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our information indicates that CGX Energy insiders own about CA$474k worth of shares. We might be missing something but that seems like very low insider ownership.
What Might The Insider Transactions At CGX Energy Tell Us?
An insider hasn't bought CGX Energy stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. When you consider that most companies have higher levels of insider ownership, we're a little wary. So we're not rushing to buy, to say the least. 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. Every company has risks, and we've spotted 4 warning signs for CGX Energy (of which 1 shouldn't be ignored!) you should know about.
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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