OKYO Pharma Chairman Gabriele Cerrone Acquires Additional Shares, Strengthening Ownership To 29.12%
Portfolio Pulse from Benzinga Newsdesk
OKYO Pharma's Executive Chairman, Gabriele Cerrone, has increased his stake in the company by purchasing an additional 50,000 shares on NASDAQ at $1.03 each. This acquisition raises his total ownership to 29.12% of the company's issued share capital.
September 10, 2024 | 11:05 am
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Gabriele Cerrone, Executive Chairman of OKYO Pharma, has increased his ownership to 29.12% by purchasing 50,000 shares at $1.03 each. This move may signal confidence in the company's prospects.
The purchase of additional shares by the Executive Chairman is a strong indicator of insider confidence in the company's future performance. Such actions often lead to positive investor sentiment and can drive the stock price up in the short term.
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