Highlights
- Insiders have recently invested significantly in Canadian Phosphate.
- 27% of Canadian Phosphate is owned by company insiders.
- Insider purchases suggest confidence amidst the stock's volatility.
Recently, Canadian Phosphate Limited (CP8) experienced a 14% decline in its stock price. Despite this, insiders who invested in the company over the last 12 months have seen the value of their investment grow from AU$170.1k to AU$212.7k.
Recent Insider Transactions
The most notable insider investment came from Stuart Richardson, Non-Executive Chairman, who purchased shares worth AU$110k at a price of AU$0.022 each. Even though this purchase was made at a price lower than the present AU$0.03, the transaction highlights insider interest.
Insider Ownership Enthusiasm
Insiders continue to show confidence, given that no shares were sold in the past year. The company insiders currently hold 27% of Canadian Phosphate, valued at approximately AU$2.5m, demonstrating a significant alignment with common shareholders’ interests.
What This Means for Canadian Phosphate
While Canadian Phosphate has yet to achieve profitability in the last year, insider transactions and ownership stakes suggest a confidence in the company’s future. Such insider activities are often seen as positive indicators, reflecting potential value in the shares. However, it’s also noteworthy to consider the inherent risks and any warning signs associated with the company.