Insider Selling: Scio Diamond Technology Corp Major Shareholder Sells 2,500 Shares of Stock (SCIO)
Scio Diamond Technology Corp (NASDAQ:SCIO) major shareholder Michael Monahan sold 2,500 shares of the stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $0.40, for a total value of $1,000.00. Following the transaction, the insider now directly owns 4,085,575 shares in the company, valued at approximately $1,634,230. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Scio Diamond Technology Corp (NASDAQ:SCIO) remained flat at $0.351 during during mid-day trading trading on Thursday. Scio Diamond Technology Corp has a 1-year low of $0.15 and a 1-year high of $2.00. The stock’s 50-day moving average is $0.29 and its 200-day moving average is $0.51. The company’s market cap is $16.9 million.
Scio Diamond Technology Corporation (NASDAQ:SCIO) focuses on man-made diamond technology development and commercialization.
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