Insiders who bought CA$650.0k worth of Cascadia Blockchain Group Corp.’s (CSE:CK) stock at an average buy price of CA$0.03 over the last year may be disappointed by the recent 20% decrease in the stock. Insiders buy with the expectation to see their investments rise in value over a period of time. However, recent losses have rendered their above investment worth CA$433.3k which is not ideal.
Although we don’t think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
View our latest analysis for Cascadia Blockchain Group
The Last 12 Months Of Insider Transactions At Cascadia Blockchain Group
Over the last year, we can see that the biggest insider purchase was by Chairman Di Deng for CA$650k worth of shares, at about CA$0.03 per share. So it’s clear an insider wanted to buy, even at a higher price than the current share price (being CA$0.02). …
