Insider Buying: Charles & Colvard Ltd (CTHR) Director Acquires $44,730.00 in Stock
Charles & Colvard Ltd (NASDAQ:CTHR) Director Ollin B. Sykes acquired 35,500 shares of Charles & Colvard Ltd stock in a transaction that occurred on Monday, December 4th. The stock was acquired at an average cost of $1.26 per share, with a total value of $44,730.00. Following the completion of the purchase, the director now owns 348,484 shares in the company, valued at approximately $439,089.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Charles & Colvard Ltd (CTHR) traded up $0.03 on Thursday, hitting $1.28. The stock had a trading volume of 66,000 shares, compared to its average volume of 46,780. Charles & Colvard Ltd has a 52 week low of $0.80 and a 52 week high of $1.36.
Charles & Colvard Ltd (NASDAQ:CTHR) last posted its quarterly earnings results on Thursday, November 2nd. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $6.21 million for the quarter. Charles & Colvard Ltd had a negative return on equity of 6.44% and a negative net margin of 9.01%.
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About Charles & Colvard Ltd
Charles & Colvard, Ltd. manufactures and distributes Charles & Colvard Created Moissanite jewels (moissanite) and finished jewelry featuring moissanite. The Company’s segments are Wholesale, Moissanite.com and Charles & Colvard Direct. The Company sells loose moissanite jewels and finished jewelry at wholesale to distributors, manufacturers and retailers, and at retail to end consumers through its operating subsidiaries.
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