India Globalization Capital, Inc. (NYSEAMERICAN:IGC) CEO Ram Mukunda Sells 12,000 Shares

India Globalization Capital, Inc. (NYSEAMERICAN:IGC) CEO Ram Mukunda sold 12,000 shares of the company’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $1.05, for a total value of $12,600.00. Following the sale, the chief executive officer now owns 2,384,256 shares in the company, valued at approximately $2,503,468.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Ram Mukunda also recently made the following trade(s):

  • On Wednesday, January 10th, Ram Mukunda sold 12,000 shares of India Globalization Capital stock. The stock was sold at an average price of $1.10, for a total value of $13,200.00.
  • On Friday, December 15th, Ram Mukunda sold 50,000 shares of India Globalization Capital stock. The stock was sold at an average price of $0.76, for a total value of $38,000.00.
  • On Friday, December 8th, Ram Mukunda sold 154,950 shares of India Globalization Capital stock. The stock was sold at an average price of $0.86, for a total value of $133,257.00.

Shares of India Globalization Capital, Inc. (NYSEAMERICAN:IGC) opened at $0.89 on Monday. The stock has a market capitalization of $25.02, a P/E ratio of -12.71 and a beta of 2.44. India Globalization Capital, Inc. has a 12-month low of $0.24 and a 12-month high of $1.63.

India Globalization Capital (NYSEAMERICAN:IGC) last issued its quarterly earnings results on Monday, November 20th. The construction company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $0.24 million for the quarter. India Globalization Capital had a negative return on equity of 19.76% and a negative net margin of 128.96%.

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About India Globalization Capital

India Globalization Capital, Inc develops intellectual property for the treatment of life altering or life threatening conditions, through its research on phytocannabinoid-based therapies, in the United States. The Company also builds farming facilities for leasing. In Malaysia, the Company develops and manages residential and commercial real estate.

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