Insider Buying: Ikonics Corp Insider Purchases 2,000 Shares of Stock (IKNX)
Ikonics Corp (NASDAQ:IKNX) Insider Joseph R. Nerges bought 2,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average price of $24.92 per share, for a total transaction of $49,840.00. Following the purchase, the insider now directly owns 427,239 shares in the company, valued at approximately $10,646,796. The transaction 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. 3,416 shares of the company’s stock traded hands. Ikonics Corp has a 1-year low of $13.50 and a 1-year high of $31.02. The stock’s 50-day moving average is $26.29 and its 200-day moving average is $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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