Insider Buying: CAMAC Energy CEO Buys $804 in Stock (CAK)
CAMAC Energy (NYSE:CAK) CEO Kase Lukman Lawal bought 1,200 shares of CAMAC Energy stock on the open market in a transaction dated Thursday, June 26th. The shares were purchased at an average cost of $0.67 per share, for a total transaction of $804.00. Following the transaction, the chief executive officer now directly owns 6,427,398 shares in the company, valued at approximately $4,306,357. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
CAMAC Energy (NYSE:CAK) traded up 4.69% on Friday, hitting $0.706. The stock had a trading volume of 628,679 shares. CAMAC Energy has a one year low of $0.226 and a one year high of $0.91. The stock’s 50-day moving average is $0.68 and its 200-day moving average is $0.67. The company’s market cap is $889.4 million. CAMAC Energy also was the target of a significant decline in short interest in June. As of June 13th, there was short interest totalling 11,240,349 shares, a decline of 0.4% from the May 30th total of 11,288,117 shares. Currently, 7.2% of the shares of the stock are short sold. Based on an average daily volume of 548,442 shares, the short-interest ratio is currently 20.5 days.
CAMAC Energy Inc (NYSE:CAK) is engaged in the exploration, development, and production of oil and gas outside the United States, directly and through joint ventures.
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