International Battery Metals Drops 13% as Market Cap Falls to CA$40 Million
Updated
Updated · Simply Wall St · Aug 15
International Battery Metals Drops 13% as Market Cap Falls to CA$40 Million
1 articles · Updated · Simply Wall St · Aug 15
Summary
International Battery Metals' latest 13% slide has cut its market value to about CA$40 million, leaving insiders' past-year purchases underwater.
US$6.56 million of insider buying made over the last 12 months is now worth about US$4.91 million after the stock's decline.
Jacob Warnock accounted for the only insider buying in that period, purchasing 46.78 million shares, including a CA$3.8 million buy at CA$0.11 a share.
Insiders still own 42% of the company, worth roughly CA$17 million, a sizable stake that keeps management closely tied to shareholder outcomes.
The report says no recent insider trades were disclosed and flags 4 warning signs for the lithium-extraction technology company despite the heavy insider ownership.