Insider Buying: Scott Allen West Buys 15,000 Shares of Heritage Global Stock (HGBL)
Heritage Global (NASDAQ:HGBL) CFO Scott Allen West acquired 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average price of $0.31 per share, for a total transaction of $4,650.00. Following the completion of the purchase, the chief financial officer now directly owns 70,000 shares in the company, valued at approximately $21,700. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Heritage Global (NASDAQ:HGBL) traded down 1.04% during mid-day trading on Monday, hitting $0.38. 6,988 shares of the company’s stock traded hands. Heritage Global has a 52-week low of $0.01 and a 52-week high of $0.80. The stock’s 50-day moving average is $0.42 and its 200-day moving average is $0.52. The company’s market cap is $10.7 million.
Heritage Global Inc, formerly Counsel RB Capital Inc, owns certain patents, including two foundational patents in voice over Internet protocol (NASDAQ:HGBL) technology the United States Patent Nos.
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