Insider Buying: Trans Energy major shareholder Purchases 5,340 Shares of Stock (TENG)
Trans Energy (NASDAQ:TENG) major shareholder Clarence Edward Smith bought 5,340 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The shares were purchased at an average price of $3.80 per share, with a total value of $20,292.00. Following the purchase, the insider now directly owns 505,544 shares in the company, valued at approximately $1,921,067. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Trans Energy (NASDAQ:TENG) remained flat at $3.90 during during mid-day trading trading on Thursday. 2,562 shares of the company’s stock traded hands. Trans Energy has a 1-year low of $2.50 and a 1-year high of $4.18. The stock has a 50-day moving average of $3.87 and a 200-day moving average of $3.51. The company’s market cap is $51.9 million.
Trans Energy, Inc (NASDAQ:TENG) is engaged in the acquisition, exploration, development and production of natural gas and oil, and the marketing and transportation of natural gas.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.