Insider Buying: Joseph Wade Buys 7,750 Shares of Embarr Downs Stock (EMBR)
Embarr Downs (NASDAQ:EMBR) CEO Joseph Wade bought 7,750 shares of Embarr Downs stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average price of $0.32 per share, with a total value of $2,480.00. Following the acquisition, the chief executive officer now directly owns 35,047,450 shares of the company’s stock, valued at approximately $11,215,184. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Embarr Downs (NASDAQ:EMBR) traded up 16.84% during mid-day trading on Wednesday, hitting $0.399. The stock had a trading volume of 76,417 shares. The stock has a 50-day moving average of $0. and a 200-day moving average of $0.. The company’s market cap is $18.0 million.
Embarr Downs, Inc is a development-stage company. The Company’s business is the buying, selling and racing of thoroughbreds that can race in the allowance and stakes levels of thoroughbred racing.
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