Ocean Power Technologies Inc (OPTT) CEO Purchases $15,819.44 in Stock

Ocean Power Technologies Inc (NASDAQ:OPTT) CEO George H. Kirby III purchased 29,848 shares of the business’s stock in a transaction on Tuesday, November 6th. The shares were bought at an average price of $0.53 per share, with a total value of $15,819.44. Following the purchase, the chief executive officer now directly owns 123,755 shares in the company, valued at approximately $65,590.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

OPTT stock traded up $0.02 during mid-day trading on Wednesday, reaching $0.56. 1,401 shares of the company traded hands, compared to its average volume of 204,600. Ocean Power Technologies Inc has a fifty-two week low of $0.46 and a fifty-two week high of $1.52.

Ocean Power Technologies (NASDAQ:OPTT) last posted its earnings results on Wednesday, September 12th. The energy company reported ($0.18) EPS for the quarter. The business had revenue of $0.03 million for the quarter.

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About Ocean Power Technologies

Ocean Power Technologies, Inc develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in North America, South America, Europe, Australia, and Asia. It offers PowerBuoy system that generates power for use independent of the power grid in remote offshore locations.

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