Insider Selling: India Globalization Capital, Inc. (IGC) CEO Sells 12,000 Shares of Stock

India Globalization Capital, Inc. (NYSEAMERICAN:IGC) CEO Ram Mukunda sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $1.05, for a total value of $12,600.00. Following the completion of the transaction, the chief executive officer now owns 2,384,256 shares of the company’s stock, valued at approximately $2,503,468.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Ram Mukunda also recently made the following trade(s):

  • On Wednesday, January 10th, Ram Mukunda sold 12,000 shares of India Globalization Capital stock. The shares were sold at an average price of $1.10, for a total value of $13,200.00.
  • On Friday, December 15th, Ram Mukunda sold 50,000 shares of India Globalization Capital stock. The shares were sold at an average price of $0.76, for a total value of $38,000.00.
  • On Friday, December 8th, Ram Mukunda sold 154,950 shares of India Globalization Capital stock. The shares were sold at an average price of $0.86, for a total value of $133,257.00.

India Globalization Capital, Inc. (NYSEAMERICAN IGC) traded down $0.01 on Friday, hitting $1.08. The stock had a trading volume of 680,840 shares, compared to its average volume of 1,737,133. The stock has a market cap of $29.49, a PE ratio of -15.43 and a beta of 2.65. India Globalization Capital, Inc. has a 52 week low of $0.23 and a 52 week high of $1.63.

India Globalization Capital (NYSEAMERICAN:IGC) last released its earnings results on Monday, November 20th. The construction company reported ($0.01) EPS for the quarter. The firm had revenue of $0.24 million during the quarter. India Globalization Capital had a negative net margin of 128.96% and a negative return on equity of 19.76%.

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About India Globalization Capital

India Globalization Capital, Inc develops intellectual property for the treatment of life altering or life threatening conditions, through its research on phytocannabinoid-based therapies, in the United States. The Company also builds farming facilities for leasing. In Malaysia, the Company develops and manages residential and commercial real estate.

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