Stocks of Graphjet Technology (NASDAQ:GTI) traded higher last session on Wall Street, up 3.53% to $0.08.
GTI stock price is now -24.83% away from the 50-day moving average and -92.10% away from the 200-day moving average. The market capitalization of the company currently stands at $12.06M.
In other news, SURIA SUKSES ENGINEERING SDN B, 10% Owner sold 2,490,517 shares of the company’s stock on Jan 14 ’25. The stock was sold for $1,145,638 at an average price of $0.46. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 13 ’25, 10% Owner SURIA SUKSES ENGINEERING SDN B sold 2,000,000 shares of the business’s stock. A total of $840,000 was realized by selling the stock at an average price of $0.42. This leaves the insider owning 2,490,517 shares of the company worth $0.2 million. A total of 68.57% of the company’s stock is owned by insiders.
During the past 12 months, Graphjet Technology has had a low of $0.06 and a high of $5.69. The fifty day moving average price for GTI is $0.10934 and a two-hundred day moving average price translates $1.04058 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.
