Insider Buying: Torvec CEO Purchases 15,000 Shares of Stock (TOVC)
Torvec (NASDAQ:TOVC) CEO Richard A. Kaplan acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were purchased at an average price of $0.33 per share, with a total value of $4,950.00. Following the completion of the acquisition, the chief executive officer now directly owns 25,000 shares of the company’s stock, valued at approximately $8,250. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Torvec (NASDAQ:TOVC) remained flat at $0.34 during during mid-day trading trading on Friday. Torvec has a 52-week low of $0.20 and a 52-week high of $0.50. The stock’s 50-day moving average is $0.27 and its 200-day moving average is $0.33. The company’s market cap is $15.5 million.
Torvec, Inc, is a development-stage company. The Company designs, develops, builds and commercializes its automotive technology portfolio.
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