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Ikonics Corp (NASDAQ:IKNX) Insider Joseph R. Nerges purchased 2,000 shares of the company’s stock in a transaction dated Thursday, May 22nd. The stock was purchased at an average price of $24.92 per share, with a total value of $49,840.00. Following the transaction, the insider now directly owns 427,239 shares of the company’s stock, valued at approximately $10,646,796. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Shares of Ikonics Corp (NASDAQ:IKNX) traded down 0.87% during mid-day trading on Tuesday, hitting $26.24. The stock had a trading volume of 3,366 shares. Ikonics Corp has a 1-year low of $13.50 and a 1-year high of $31.02. The stock has a 50-day moving average of $26.29 and a 200-day moving average of $20.31. The company has a market cap of $52.9 million and a price-to-earnings ratio of 55.26.

IKONICS Corporation (NASDAQ:IKNX) is engaged in the development, manufacture and selling of photosensitive liquids (emulsions) and films for the screen printing and awards and recognition industries.

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