Insider Buying: V. Scott Vanis Purchases 1,500,000 Shares of Minerco Resources Stock (MINE)
Minerco Resources (NASDAQ:MINE) Director V. Scott Vanis acquired 1,500,000 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The shares were purchased at an average cost of $0.01 per share, for a total transaction of $15,000.00. Following the acquisition, the director now directly owns 15,000,000 shares in the company, valued at approximately $150,000. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Minerco Resources (NASDAQ:MINE) traded up 5.44% during mid-day trading on Wednesday, hitting $0.0155. The stock had a trading volume of 28,890,280 shares. Minerco Resources has a 1-year low of $0.01 and a 1-year high of $0.05. The stock has a 50-day moving average of $0. and a 200-day moving average of $0.01. The company’s market cap is $32.8 million.
Minerco Resources, Inc is a development-stage company. The Company is a progress developer, producer and provider of clean, renewable energy solutions in Latin America.
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