Kolibri Global Energy Drops To CA$4.94, Yet Insiders May Have Sold Too Early

Kolibri Global Energy Inc.'s (TSE:KEI) stock price has dropped 11% in the previous week, but insiders who sold US$531k 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$8.64 is still lower than the current share price.

Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.

This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.

Kolibri Global Energy Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the CFO & VP, Gary Johnson, for CA$270k worth of shares, at about CA$8.09 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of CA$4.94. So it may not shed much light on insider confidence at current levels. The only individual insider seller over the last year was Gary Johnson.

Gary Johnson sold a total of 61.45k shares over the year at an average price of US$8.64. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

View our latest analysis for Kolibri Global Energy

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

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Based on our data, Kolibri Global Energy insiders have about 1.6% of the stock, worth approximately CA$2.9m. We prefer to see high levels of insider ownership.

What Might The Insider Transactions At Kolibri Global Energy Tell Us?

The fact that there have been no Kolibri Global Energy insider transactions recently certainly doesn't bother us. Our analysis of Kolibri Global Energy insider transactions leaves us unenthusiastic. And we're not picking up on high enough insider ownership to give us any comfort. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

Of course Kolibri Global Energy may not be the best stock to buy. So you may wish to see this free collection of high quality 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 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.