Insiders who bought Cryptoblox Technologies Inc. (CSE:BLOX) stock in the last 12 months were richly rewarded last week. The company’s market value increased by CA$2.2m as a result of the stock’s 13% gain over the same period. As a result, their original purchase of CA$900.0k worth of stock is now worth CA$3.15m.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
See our latest analysis for Cryptoblox Technologies
The Last 12 Months Of Insider Transactions At Cryptoblox Technologies
In the last twelve months, the biggest single purchase by an insider was when insider Michael Chow bought CA$900k worth of shares at a price of CA$0.05 per share. We do like to see buying, but this purchase was made at well below the current price of CA$0.17. Because it occurred at a lower valuation, it doesn’t tell us much…
