Ollin B. Sykes Purchases 35,500 Shares of Charles & Colvard Ltd (CTHR) Stock

Charles & Colvard Ltd (NASDAQ:CTHR) Director Ollin B. Sykes purchased 35,500 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were purchased at an average price of $1.26 per share, with a total value of $44,730.00. Following the completion of the acquisition, the director now directly owns 348,484 shares in the company, valued at $439,089.84. The purchase was disclosed in a filing with the SEC, which is available through this link.

Shares of Charles & Colvard Ltd (NASDAQ CTHR) traded down $0.05 during midday trading on Monday, reaching $1.26. 37,221 shares of the company’s stock traded hands, compared to its average volume of 46,423. Charles & Colvard Ltd has a 1-year low of $0.80 and a 1-year high of $1.36.

Charles & Colvard Ltd (NASDAQ:CTHR) last issued its quarterly earnings data on Thursday, November 2nd. The company reported ($0.01) EPS for the quarter. Charles & Colvard Ltd had a negative return on equity of 6.44% and a negative net margin of 9.01%. The company had revenue of $6.21 million during the quarter.

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Charles & Colvard Ltd Company Profile

Charles & Colvard, Ltd. manufactures and distributes Charles & Colvard Created Moissanite jewels (moissanite) and finished jewelry featuring moissanite. The Company’s segments are Wholesale, Moissanite.com and Charles & Colvard Direct. The Company sells loose moissanite jewels and finished jewelry at wholesale to distributors, manufacturers and retailers, and at retail to end consumers through its operating subsidiaries.

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