CBAK Energy Technology Inc (NASDAQ:CBAK) CEO Yunfei Li purchased 746,018 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was bought at an average cost of $1.50 per share, for a total transaction of $1,119,027.00. Following the purchase, the chief executive officer now directly owns 3,926,018 shares in the company, valued at approximately $5,889,027. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CBAK Energy Technology Inc (NASDAQ CBAK) remained flat at $1.35 during midday trading on Friday. 39,247 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $1.37 and its 200 day moving average is $1.44. The firm’s market capitalization is $26.46 million. CBAK Energy Technology Inc has a 52 week low of $1.20 and a 52 week high of $3.33.

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CBAK Energy Technology Company Profile

CBAK Energy Technology, Inc, formerly China BAK Battery, Inc, is a holding company. The Company and its subsidiaries are engaged in the manufacture, commercialization and distribution of a range of standard and customized lithium ion (Li-ion) rechargeable batteries for use in an array of applications.

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