Insiders at Elys Game Technology, Corp. (NASDAQ:ELYS) place $842k in bullish bets in the last year

In a recent turn of events at Elys Game Technology, Corp. (NASDAQ:ELYS), multiple insiders have made significant purchases of the company’s stock, signaling a positive outlook for shareholders. This collective action by insiders, including Executive Chairman Michele Ciavarella, who purchased US$201k worth of shares at a higher price than the current market value, reflects a strong sense of confidence in the company’s future prospects.

The insider transactions, as depicted in a provided chart, show a consistent pattern of buying without any selling in the past year, further reinforcing the optimism among company insiders. With insider ownership amounting to approximately US$5.3m, representing 26% of the company, there is a clear alignment between management and smaller shareholders.

While the recent insider transactions at Elys Game Technology do not raise any red flags, investors are advised to conduct a thorough analysis of the associated risks before making any investment decisions. It is crucial to consider all factors, including historical data and analyst forecasts, before taking any action.

For those interested in exploring other companies with insider buying, a free list is available for reference. However, it is important to note that this article does not constitute financial advice, and investors are encouraged to conduct their own research before making any investment decisions. Despite the positive sentiment towards Elys Game Technology, it is essential to remain vigilant of potential risks in the market.