Insider Buying: W. John Short Purchases 2,000 Shares of RiceBran Technologies Stock (RIBT)
RiceBran Technologies (NASDAQ:RIBT) CEO W. John Short bought 2,000 shares of the company’s stock on the open market in a transaction dated Wednesday, September 3rd. The stock was purchased at an average cost of $5.06 per share, with a total value of $10,120.00. Following the completion of the acquisition, the chief executive officer now directly owns 140,680 shares in the company, valued at approximately $711,841. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
RiceBran Technologies (NASDAQ:RIBT) traded down 7.14% during mid-day trading on Wednesday, hitting $4.94. 343,946 shares of the company’s stock traded hands. RiceBran Technologies has a 52 week low of $3.56 and a 52 week high of $14.00. The stock’s 50-day moving average is $5.1 and its 200-day moving average is $5.16. The company’s market cap is $39.0 million.
RiceBran Technologies, formerly NutraCea, is a human food ingredient and animal nutrition company focused on the procurement, bio-refining and marketing of products derived from rice bran.
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