Quick Summary:
- Insiders at CN Energy Group (CNEY, Financial) have invested a substantial amount in company shares.
- A significant decline in share price has impacted their investment's value.
- Key insider Wayne Boos's purchase highlights a potential long-term confidence in the company's prospects.
Insider Buying Activity at CN Energy Group (CNEY)
In a noteworthy move, insiders at CN Energy Group (NASDAQ: CNEY) have collectively acquired shares totaling $173,700. The average purchase price for these shares was $1.16 each. However, subsequent market fluctuations have led to a 20% reduction in their investment value, bringing it down to approximately $43,500.
Significant Purchase by Wayne Boos
Among the insider transactions, a particularly significant purchase was made by Wayne Boos, who acquired shares worth $128,000 at an average price of $1.07 per share. This purchase is indicative of Boos's confidence in CN Energy Group's future potential, despite the current dip in share prices.
Investor Takeaway
The recent insider buying at CN Energy Group suggests a strong belief in the company’s long-term growth trajectory. While the short-term decline in shares might concern some investors, the insider activities, especially from seasoned professionals like Wayne Boos, could signal potential opportunities for those considering a stake in this sector. As always, conducting your own research and consulting financial advisors is essential before making investment decisions.
