Insider Buying: Bingo.com major shareholder Buys 50,450 Shares of Stock (BNGOF)
Bingo.com (NASDAQ:BNGOF) major shareholder Tryon M. Williams bought 50,450 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average cost of $0.43 per share, for a total transaction of $21,693.50. Following the acquisition, the insider now directly owns 20,174,174 shares in the company, valued at approximately $8,674,895. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Bingo.com (NASDAQ:BNGOF) traded down 6.25% during mid-day trading on Tuesday, hitting $0.45. The stock had a trading volume of 160 shares. Bingo.com has a 52-week low of $0.13 and a 52-week high of $0.65. The stock has a 50-day moving average of $0.43 and a 200-day moving average of $0.44. The company’s market cap is $31.3 million.
Bingo.com, Ltd. is in the business of owning and marketing a bingo based entertainment Website that provides a range of Internet games plus other forms of entertainment, including an online community, chat rooms, and more.
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