Insider Buying: John Swallow Buys 600,000 Shares of New Jersey Mining Company Stock (NJMC)
New Jersey Mining Company (NASDAQ:NJMC) major shareholder John Swallow bought 600,000 shares of New Jersey Mining Company stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average cost of $0.10 per share, for a total transaction of $60,000.00. Following the completion of the transaction, the insider now directly owns 11,397,620 shares of the company’s stock, valued at approximately $1,139,762. The purchase was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of New Jersey Mining Company (NASDAQ:NJMC) remained flat at $0.097 during trading on Friday. New Jersey Mining Company has a 52 week low of $0.04 and a 52 week high of $0.15. The stock’s 50-day moving average is $0.11 and its 200-day moving average is $0.10. The company’s market cap is $8.7 million.
New Jersey Mining Company (NASDAQ:NJMC) involved in exploring for and developing gold, silver, and base metal ore resources in the Pacific Northwest of the USA.
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