Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Director Purchases $66,000.00 in Stock

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Director Jason T. Adelman bought 100,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was bought at an average cost of $0.66 per share, for a total transaction of $66,000.00. Following the transaction, the director now owns 400,000 shares of the company’s stock, valued at $264,000. The trade was a 33.33 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Greenwave Technology Solutions Stock Down 6.1 %

GWAV stock opened at $0.82 on Friday. Greenwave Technology Solutions, Inc. has a twelve month low of $0.29 and a twelve month high of $154.50. The company has a market cap of $18.38 million, a price-to-earnings ratio of -0.01 and a beta of 1.66. The company has a quick ratio of 1.36, a current ratio of 1.52 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average price of $0.42 and a two-hundred day moving average price of $1.44.

About Greenwave Technology Solutions

Greenwave Technology Solutions, Inc, through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. It is also involved in the purchasing and sale of processed and unprocessed scrap metals; and operation of automotive shredders.