Those following along with THC Biomed Intl Ltd. (CSE:THC) will no doubt be intrigued by the recent purchase of shares by John Miller, Chief Executive Officer of the company, who spent a stonking CA$800k on stock at an average price of CA$0.15. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 21%.
THC Biomed Intl Insider Transactions Over The Last Year
In fact, the recent purchase by John Miller was the biggest purchase of THC Biomed Intl shares made by an insider individual in the last twelve months, according to our records. So it’s clear an insider wanted to buy, at around the current price, which is CA$0.15. 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. The good news for THC Biomed Intl share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was John Miller.
John Miller purchased 5.83m shares over the year. The average price per share was CA$0.16. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does THC Biomed Intl Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. It appears that THC Biomed Intl insiders own 30% of the company, worth about CA$7.1m. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The THC Biomed Intl Insider Transactions Indicate?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But we don’t feel the same about the fact the company is making losses. Given that insiders also own a fair bit of THC Biomed Intl we think they are probably pretty confident of a bright future. Along with insider transactions, I recommend checking if THC Biomed Intl is growing revenue. This free chart of historic revenue and earnings should make that easy.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
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