Yesterday, the Exec. Chairman & CEO of India Globalization Capital Inc (NYSE: IGC), Ram Mukunda, sold shares of IGC for $205.8K.
Following Ram Mukunda’s last IGC Sell transaction on January 12, 2018, the stock climbed by 1.0%. In addition to Ram Mukunda, one other IGC executive reported Sell trades in the last month.
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Based on India Globalization Capital Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.48 million and GAAP net loss of $512.3K. In comparison, last year the company earned revenue of $52.93K and had a GAAP net loss of $432.1K. Currently, India Globalization Capital Inc has an average volume of 38.77M. The Company has a Price to Book ratio of 8.3565.
The insider sentiment on India Globalization Capital Inc has been negative according to 12 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Ram Mukunda’s trades have generated a -58.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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India Globalization Capital, Inc. engages in the development and commercialization of cannabinoid based alternative therapies for indications such as Alzheimer’s disease, Parkinson’s disease, and pain. It operates through Legacy Infrastructure and Alternative Therapies segments.
