China New Energy Group Co
OTC:CNER
We don't have any information about CNER's insider trading.
China New Energy Group Co
Glance View
China New Energy Group Co. engages in the investment and development of natural gas distribution networks, and the distribution of natural gas to residential, industrial and commercial industries. The company is headquartered in Tianjin, Tianjin and currently employs 130 full-time employees. The company went IPO on 2003-09-11. Its major business activities include development and construction of local gas distribution networks, transportation of natural gas from suppliers to its storage facilities in a given operational location, and operating and maintaining the gas distribution networks. The firm owns the exclusive rights to develop distribution networks to provide natural gas to industrial, commercial and domestic consumers in the cities of Dashiqiao, Nandaihe, Zhanhua and Wuyuan. As of December 31, 2009, these distribution networks provided natural gas to an aggregate of approximately 64,000 consumers in these cities.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
