XZERES Corp major shareholder Buys $898,530 in Stock (XPWR)
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.
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