The recent 38% drop in Cascadia Blockchain Group Corp.’s (CSE:CK) stock could come as a blow to insiders who purchased CA$650.0k worth of stock at an average buy price of CA$0.03 over the past 12 months. Insiders purchase with the hope of seeing their investments increase in value over time. However, due to recent losses, their initial investment is now only worth CA$541.7k, which is not great.
Although we don’t think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
Check out our latest analysis for Cascadia Blockchain Group
The Last 12 Months Of Insider Transactions At Cascadia Blockchain Group
In the last twelve months, the biggest single purchase by an insider was when Chairman Di Deng bought CA$650k worth of shares at a price of CA$0.03 per share. That means that even when the share price was higher than CA$0.025 (the recent price), an…
