Insider Buying: Sibling Group Holdings Director Buys 450,000 Shares of Stock (SIBE)
Sibling Group Holdings (NASDAQ:SIBE) Director Andrew E. Honeycutt acquired 450,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, July 11th. The stock was purchased at an average cost of $0.10 per share, for a total transaction of $45,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Sibling Group Holdings (NASDAQ:SIBE) remained flat at $0.11 during during mid-day trading trading on Friday. The stock had a trading volume of 64,840 shares. Sibling Group Holdings has a 52-week low of $0.031 and a 52-week high of $0.395. The stock’s 50-day moving average is $0.11 and its 200-day moving average is $0.11. The company’s market cap is $4.3 million.
Sibling Group Holdings Inc is a development-stage company. During the year ended December 31, 2012, the Company was not engaged in any business operations.
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