Cryptoblox Technologies Inc. (CSE:BLOX) insiders who bought shares over the past year were rewarded handsomely last week. The stock rose 12%, resulting in a CA$1.6m rise in the company’s market capitalisation, translating to a gain of 180% on their initial investment. As a result, the stock they originally bought for CA$900.0k is now worth CA$2.52m.
Although we don’t think shareholders should simply follow insider transactions, 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
Over the last year, we can see that the biggest insider purchase was by insider Michael Chow for CA$900k worth of shares, at about CA$0.05 per share. We do like to see buying, but this purchase was made at well below the current price of CA$0.14. Because it occurred at a lower valuation, it doesn’t tell…
