Greenwave Technology Solutions, Inc. (NASDAQ:GWAV – Get Free Report) was down 3.9% during mid-day trading on Wednesday . The stock traded as low as $0.68 and last traded at $0.70. Approximately 3,080,041 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 3,923,432 shares. The stock had previously closed at $0.73.
Greenwave Technology Solutions Stock Performance
The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.36 and a current ratio of 1.52. The company has a market cap of $15.73 million, a price-to-earnings ratio of -0.01 and a beta of 1.66. The firm’s 50-day moving average price is $0.51 and its 200 day moving average price is $0.74.
Insiders Place Their Bets
In related news, CEO Danny Meeks bought 377,002 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were purchased at an average price of $0.66 per share, with a total value of $248,821.32. Following the completion of the purchase, the chief executive officer now owns 2,122,695 shares of the company’s stock, valued at $1,400,978.70. This represents a 21.60 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jason T. Adelman acquired 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were purchased at an average price of $0.66 per share, with a total value of $66,000.00. Following the acquisition, the director now owns 400,000 shares of the company’s stock, valued at approximately $264,000. This trade represents a 33.33 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 7.93% of the company’s stock.
About Greenwave Technology Solutions
Greenwave Technology Solutions, Inc, through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. It is also involved in the purchasing and sale of processed and unprocessed scrap metals; and operation of automotive shredders.
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