Insider Buying: CAMAC Energy CEO Acquires 15,000 Shares of Stock (CAK)
CAMAC Energy (NYSE:CAK) CEO Kase Lukman Lawal bought 15,000 shares of CAMAC Energy stock in a transaction dated Monday, August 18th. The stock was purchased at an average price of $0.65 per share, for a total transaction of $9,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 6,452,447 shares in the company, valued at approximately $4,194,091. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of CAMAC Energy (NYSE:CAK) opened at 0.69 on Thursday. CAMAC Energy has a 52 week low of $0.267 and a 52 week high of $0.91. The stock’s 50-day moving average is $0.65 and its 200-day moving average is $0.69. The company’s market cap is $870.5 million.
CAMAC Energy (NYSE:CAK) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $14.94 million for the quarter, compared to the consensus estimate of $20.01 million.
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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