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LAS VEGAS—Robert N. Tankson III, a director at Dogecoin Cash, Inc. (OTC:CBDS), has made significant purchases of the company’s common stock, according to a recent SEC filing. The transactions, which took place over several days in February 2024, amounted to a total value of $9,479. The micro-cap company, currently valued at $4.32 million, has seen its stock price decline by over 54% in the past six months, according to InvestingPro data.
On February 9, Tankson acquired 102,395 shares at a price of $0.0171 per share. This was followed by a purchase of 294,745 shares on February 12 at $0.0156 per share. Lastly, on February 20, he bought an additional 269,892 shares at $0.0116 per share. The purchases come as the stock trades significantly below its 52-week high of $0.17.
These transactions have increased Tankson’s holdings in the company, reflecting his continued confidence in Dogecoin Cash’s prospects. After these acquisitions, Tankson holds a substantial number of shares directly, underscoring his commitment to the company’s future. With the company showing a gross profit margin of 63.37% despite challenging market conditions, investors seeking deeper insights into insider trading patterns and company fundamentals can access additional analysis through InvestingPro, which offers exclusive financial metrics and trading signals.
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