Trade Alert: The President Of Earth Alive Clean Technologies Inc. (CVE:EAC), Nikolaos Sofronis, Has Just Spent CA$59k Buying 35% More Shares

Even if it's not a huge purchase, we think it was good to see that Nikolaos Sofronis, the President of Earth Alive Clean Technologies Inc. (CVE:EAC) recently shelled out CA$59k to buy stock, at CA$0.029 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 35%.

Check out our latest analysis for Earth Alive Clean Technologies

Earth Alive Clean Technologies Insider Transactions Over The Last Year

Notably, that recent purchase by Nikolaos Sofronis is the biggest insider purchase of Earth Alive Clean Technologies shares that we've seen in the last year. We do like to see buying, but this purchase was made at well below the current price of CA$0.035. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

In the last twelve months Earth Alive Clean Technologies insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Earth Alive Clean Technologies is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of Earth Alive Clean Technologies

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Earth Alive Clean Technologies insiders own about CA$4.3m worth of shares. That equates to 36% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Earth Alive Clean Technologies Insider Transactions Indicate?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of Earth Alive Clean Technologies we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Earth Alive Clean Technologies. When we did our research, we found 4 warning signs for Earth Alive Clean Technologies (2 make us uncomfortable!) that we believe deserve your full attention.

Of course Earth Alive Clean Technologies 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, but not derivative transactions.

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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.

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