Greenland Energy (NASDAQ:GLND) Director Larry Swets, Jr. Acquires 10,000 Shares

Key Points

  • Director Larry Swets, Jr. bought 10,000 shares of Greenland Energy at an average price of $2.77 per share, a total purchase of $27,700.
  • After the transaction, Swets owned 570,000 shares valued at about $1.58 million, increasing his position by 1.79%. The purchase was disclosed in an SEC filing.
  • Greenland Energy shares were up 6.9% and opened at $2.80, while the company remains an early-stage oil and gas explorer focused on the Jameson Land Basin in East Greenland.

Greenland Energy Co (NASDAQ:GLND - Get Free Report) Director Larry Swets, Jr. bought 10,000 shares of the stock in a transaction dated Monday, June 8th. The shares were purchased at an average price of $2.77 per share, for a total transaction of $27,700.00. Following the purchase, the director owned 570,000 shares of the company's stock, valued at $1,578,900. This trade represents a 1.79% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Greenland Energy Stock Up 6.9%

Shares of NASDAQ GLND opened at $2.80 on Tuesday. Greenland Energy Co has a 1-year low of $2.55 and a 1-year high of $23.00.

Greenland Energy (NASDAQ:GLND - Get Free Report) last announced its earnings results on Wednesday, May 13th. The company reported ($0.04) earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Greenland Energy to a "sell" rating in a research note on Saturday, May 30th.

View Our Latest Analysis on Greenland Energy

Greenland Energy Company Profile

(Get Free Report)

Greenland Energy Company operates as an early-stage oil and gas exploration company. It focuses on the Jameson Land Basin in East Greenland. The company is based in Denver, Colorado.

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