Voip-Pal Director Dennis Chang Sells Shares Worth Over $11,000
In a recent financial move, Voip-Pal.com Inc.'s director, Dennis Chang, sold shares amounting to more than $11,000 over five days. From June 10th to June 14th, Chang sold a total of 700,000 shares of Voip-Pal stock.
Breakdown of the Sales
- June 10th: Sold 200,000 shares at $0.0171 each.
- June 11th: Sold 100,000 shares at $0.017.
- June 12th: Sold 100,000 shares at $0.0166.
- June 13th: Sold 100,000 shares at $0.0166.
- June 14th: Sold 200,000 shares at $0.0165 each.
In total, these transactions resulted in Chang receiving over $11,740.
Impact on Chang's Ownership
Following these sales, Chang still holds a substantial number of shares in Voip-Pal.com Inc., with his stake now standing at 3,920,152 shares. Although his ownership has shrunk, his remaining shares and the warrants and options he possesses could still affect his control over the company.
Reasons Behind the Sale
While the exact reasons for Chang's share sales were not disclosed, such insider transactions often draw the attention of investors. Insider sales can sometimes give clues about an executive's view on the company's current valuation and future prospects.
Overview of Voip-Pal.com Inc.
Voip-Pal.com Inc., headquartered in Waco, Texas, operates in the telecommunications sector. The company is particularly specialized in manufacturing telephone and telegraph apparatus. Despite the insider sales, the company’s broader market position and financial health remain key points of interest.
Financial Metrics
- Market Capitalization: Voip-Pal.com Inc. has a market cap of $60.22 million.
- P/E Ratio: The company has a negative P/E ratio of -2.29, indicating it has not been profitable over the last year.
- Price / Book Ratio: A high P/B ratio of 30.05, which could signal the stock might be overvalued.
- Stock Return: The stock has seen a sharp decline, with a -78.67% return over the past year.
Key Takeaways for Investors
While Voip-Pal.com Inc. struggles with profitability, its liquid assets surpass its short-term obligations, showing signs of adequate liquidity management. This aspect might provide some level of comfort to investors focused on the company's immediate financial stability.
Voip-Pal's insiders and their trading activities will continue to be closely watched by market players, providing essential insights and informing investment choices regarding the company’s stock.
Voip-Pal.com Inc.'s trading details and director activities highlight key financial indicators and potential red flags or reassurances for present and future investors. Keep an eye on further filings and updates to stay informed on Voip-Pal.com Inc.'s performance.
