Insiders may have sold GoviEx Uranium Inc. (CVE:GXU) early at US$0.33 per share, while current price continues to trade high at CA$0.34

Insiders may have sold GoviEx Uranium Inc. (CVE:GXU) early at US$0.33 per share, while current price continues to trade high at CA$0.34

GoviEx Uranium Inc.’s (CVE:GXU) stock price has dropped 11% in the previous week, but insiders who sold US$521k in stock over the past year have had less luck. Insiders would probably have been better off holding on to their shares given that the average selling price of US$0.33 is still lower than the current share price.

Although we don’t think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether. GoviEx Uranium Insider Transactions Over The Last Year

The Independent Director, Christopher Wallace, made the biggest insider sale in the last 12 months. That single transaction was for CA$102k worth of shares at a price of CA$0.54 each. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. It’s of some comfort that this sale was conducted at a price well above […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet