Insider Buying: POET Technologies Inc (PTK) Insider Acquires 100,000 Shares of Stock

POET Technologies Inc (CVE:PTK) insider Thomas Mika bought 100,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average cost of C$0.28 per share, for a total transaction of C$28,000.00.

POET Technologies Inc (PTK) traded up C$0.01 during midday trading on Tuesday, hitting C$0.37. 1,032,679 shares of the company were exchanged, compared to its average volume of 466,067. The stock has a market cap of $80.83, a P/E ratio of -5.07 and a beta of 1.44. POET Technologies Inc has a 1 year low of C$0.18 and a 1 year high of C$0.44.

POET Technologies (CVE:PTK) last issued its quarterly earnings results on Monday, November 13th. The company reported C($0.01) earnings per share for the quarter. POET Technologies had a negative return on equity of 55.50% and a negative net margin of 505.17%.

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About POET Technologies

POET Technologies Inc designs, manufactures, and sells semi-conductor products for consumer, data center, high performance computing, military, and commercial applications in the United States, Canada, and Singapore. It offers photonic sensing and optical light source products. The company was formerly known as Opel Technologies Inc and changed its name to POET Technologies Inc in June 2013.

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