Insider Selling: Richard Macpherson Unloads 823,770 Shares of Midwest Energy Emiss Stock (MEEC)
Midwest Energy Emiss (NASDAQ:MEEC) Director Richard Macpherson unloaded 823,770 shares of the stock on the open market in a transaction dated Thursday, June 26th. The stock was sold at an average price of $0.54, for a total value of $444,835.80. Following the sale, the director now directly owns 506,920 shares of the company’s stock, valued at approximately $273,737. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Midwest Energy Emiss (NASDAQ:MEEC) traded down 12.00% on Friday, hitting $1.10. The stock had a trading volume of 35,430 shares. Midwest Energy Emiss has a 52 week low of $0.40 and a 52 week high of $2.63. The stock has a 50-day moving average of $1.2 and a 200-day moving average of $1.38. The company’s market cap is $43.1 million.
Midwest Energy Emiss (NASDAQ:MEEC) last issued its quarterly earnings results on Wednesday, May 21st. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.06. On average, analysts predict that Midwest Energy Emiss will post $-0.17 earnings per share for the current fiscal year.
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