On December 9, 2024, Doris Wong Sing Ee, a Director at Graphjet Technology (GTI, Financial), sold 600,000 shares of the company. Following this transaction, the insider now owns 579,900 shares of the company. The details of this transaction can be found in the SEC Filing.
Graphjet Technology (GTI) is a company that specializes in the production of graphene and graphite materials. These materials are used in various applications, including electronics, energy storage, and composite materials. The company aims to leverage its proprietary technology to produce high-quality graphene at a competitive cost.
Over the past year, Doris Wong Sing Ee has sold a total of 895,591 shares and has not purchased any shares. This recent sale is part of a broader trend of insider selling at Graphjet Technology, with 6 insider sells and 0 insider buys recorded over the past year.
On the day of the recent sale, shares of Graphjet Technology were trading at $2.17 each, giving the stock a market cap of $245.058 million. Investors may consider various valuation metrics such as the GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow when evaluating the stock.
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