The price of Graphjet Technology (NASDAQ:GTI) shares last traded on Wall Street fell -44.51% to $0.34.
GTI stock price is now -84.14% away from the 50-day moving average and -92.26% away from the 200-day moving average. The market capitalization of the company currently stands at $49.67M.
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In other news, SURIA SUKSES ENGINEERING SDN B, 10% Owner sold 2,500,000 shares of the company’s stock on Dec 20 ’24. The stock was sold for $500,000 at an average price of $0.20. Upon completion of the transaction, the 10% Owner now directly owns 22,982,895 shares in the company, valued at $7.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 18 ’24, 10% Owner SURIA SUKSES ENGINEERING SDN B sold 869,216 shares of the business’s stock. A total of $425,916 was realized by selling the stock at an average price of $0.49. This leaves the insider owning 26,400,784 shares of the company worth $8.98 million. A total of 42.18% of the company’s stock is owned by insiders.
During the past 12 months, Graphjet Technology has had a low of $0.19 and a high of $14.00. The fifty day moving average price for GTI is $2.16918 and a two-hundred day moving average price translates $4.4318 for the stock.
The latest earnings results from Graphjet Technology (NASDAQ: GTI) was released for 2024-06-30. The company reported revenue of $2.13 million for the quarter, compared to $0.43 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 399.53 percent.
