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Hoo Swee Guan, a director at Graphjet Expertise (NASDAQ:GTI), lately bought 175,000 Class A Unusual Shares of the corporate, in keeping with a submitting with the Securities and Change Fee. The micro-cap firm, presently valued at $133 million, has seen its shares decline 92% over the previous yr. The shares had been bought at a weighted common worth of $0.87 per share, totaling roughly $152,250. Following this transaction, Hoo Swee Guan holds 847,991 shares within the firm. The sale was executed in a number of trades with costs starting from $0.8501 to $0.912. The inventory, presently buying and selling at $0.90, sits properly beneath its 52-week excessive of $14.00. Whereas InvestingPro evaluation suggests the inventory is undervalued, it carries a Weak Monetary Well being rating, with regarding metrics corresponding to a unfavourable return on property of -222%.
In different current information, Graphjet Expertise has seen a sequence of serious developments. The corporate has elevated Mr. Liu Yu to the positions of Chief Working Officer (COO) and Chief Scientific Officer (CSO), a transfer that leverages his intensive management expertise and deep data of their distinctive inexperienced graphite expertise.
Graphjet has additionally lately acquired three ISO certifications from ARES Worldwide, highlighting its dedication to sustainable and environment friendly manufacturing practices. These certifications embrace ISO 14001:2015 for environmental administration, ISO 9001:2015 for high quality administration, and ISO 45001:2018 for occupational well being and security administration.
Along with their operational developments, Graphjet has secured a patent in Malaysia for its progressive course of of remodeling palm kernel shells into graphene, additional strengthening its mental property portfolio.
On the monetary facet, the corporate has seen a change in its impartial registered accounting agency with Adeptus Companions LLC resigning, although no disagreements had been reported between the 2 entities.
Lastly, Graphjet has regained compliance with Nasdaq’s itemizing necessities after a short interval of non-compliance attributable to a delayed quarterly report. These are the current developments which can be shaping the trajectory of Graphjet Expertise.
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