Share on StockTwits

XZERES Corp (NASDAQ:XPWR) major shareholder Paul Debruce bought 3,594,120 shares of XZERES Corp stock on the open market in a transaction dated Thursday, August 21st. The shares were purchased at an average cost of $0.25 per share, with a total value of $898,530.00. Following the completion of the acquisition, the insider now directly owns 11,252,672 shares of the company’s stock, valued at approximately $2,813,168. The purchase was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

XZERES Corp (NASDAQ:XPWR) traded up 11.67% on Wednesday, hitting $0.335. 193,001 shares of the company’s stock traded hands. XZERES Corp has a 52-week low of $0.15 and a 52-week high of $0.85. The stock’s 50-day moving average is $0.26 and its 200-day moving average is $0.36. The company’s market cap is $14.5 million.

XZERES Corp. (NASDAQ:XPWR) is engaged in the business of designing, developing, and marketing distributed generation, winds power systems for the small wind market, as well as power management solutions.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.