Insider Buying: USA Synthetic Fuel Corp. major shareholder Purchases 1,800 Shares of Stock (USFC)
USA Synthetic Fuel Corp. (NASDAQ:USFC) major shareholder Harry Hammond Graves acquired 1,800 shares of USA Synthetic Fuel Corp. stock in a transaction dated Tuesday, June 3rd. The shares were purchased at an average cost of $0.89 per share, with a total value of $1,602.00. Following the completion of the purchase, the insider now directly owns 28,278,276 shares of the company’s stock, valued at approximately $25,167,666. The purchase was disclosed in a legal filing with the SEC, which can be accessed through 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.
USA Synthetic Fuel Corp. (NASDAQ:USFC) traded down 9.84% during mid-day trading on Monday, hitting $0.55. The stock had a trading volume of 5,635 shares. USA Synthetic Fuel Corp. has a 1-year low of $0.38 and a 1-year high of $5.00. The stock’s 50-day moving average is $0.94 and its 200-day moving average is $1.32. The company’s market cap is $44.6 million.
USA Synthetic Fuel Corporation (NASDAQ:USFC) is a development-stage company.
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