This Insider Has Just Sold Shares In CanAlaska Uranium

Investors may wish to note that the Non-Executive Director of CanAlaska Uranium Ltd., Peter Dasler, recently netted CA$119k from selling stock, receiving an average price of CA$0.99. However we note that the sale only shrunk their holding by 5.7%.

We’ve found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

CanAlaska Uranium Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Vice President of Exploration, Nathan Bridge, for CA$130k worth of shares, at about CA$0.75 per share. That means that an insider was selling shares at slightly below the current price (CA$0.90). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it’s only a weak signal. We note that the biggest single sale was 53% of Nathan Bridge’s holding.

CanAlaska Uranium insiders didn’t buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

View our latest analysis for CanAlaska Uranium

If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.

Insider Ownership Of CanAlaska Uranium

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 5.8% of CanAlaska Uranium shares, worth about CA$11m, according to our data. Overall, this level of ownership isn’t that impressive, but it’s certainly better than nothing!

So What Do The CanAlaska Uranium Insider Transactions Indicate?

An insider sold CanAlaska Uranium shares recently, but they didn’t buy any. And there weren’t any purchases to give us comfort, over the last year. Insider ownership isn’t particularly high, so this analysis makes us cautious about the company. We’d practice some caution before buying! In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing CanAlaska Uranium. For example, CanAlaska Uranium has 6 warning signs (and 2 which are significant) we think 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 of direct interests only, but not derivative transactions or indirect interests.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.