Bright Green Co. (NASDAQ:BGXX) CFO Saleem Elmasri Sells 398,773 Shares

Bright Green Co. (NASDAQ:BGXX) CFO Saleem Elmasri sold 398,773 shares of Bright Green stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $0.20, for a total transaction of $79,754.60. Following the sale, the chief financial officer now directly owns 1,201,227 shares of the company’s stock, valued at approximately $240,245.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Bright Green Stock Performance

BGXX opened at $0.20 on Friday. The stock has a market capitalization of $38.03 million, a P/E ratio of -2.86 and a beta of 0.67. Bright Green Co. has a 12 month low of $0.15 and a 12 month high of $0.54. The firm’s fifty day simple moving average is $0.24 and its 200 day simple moving average is $0.24.

Institutional Investors Weigh In On Bright Green

An institutional investor recently raised its position in Bright Green stock. AQR Capital Management LLC boosted its stake in Bright Green Co. (NASDAQ:BGXX) by 797.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 235,575 shares of the company’s stock after buying an additional 209,337 shares during the period. AQR Capital Management LLC owned approximately 0.12% of Bright Green worth $60,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 7.83% of the company’s stock.

Bright Green Company Profile

Bright Green Corporation focuses on the cultivation, manufacture, and sale of cannabis and cannabis-related products. Its products are used in research, pharmaceutical applications, and affiliated exports. The company was incorporated in 2019 and is based in Grants, New Mexico.