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Loop Industries, Inc. (NASDAQ:LOOP), Chief Revenue Officer Giovanni Catino, has recently purchased 150,000 shares of common stock at a price of $1.0096, totaling $151,440. The stock, which currently trades at $1.36, has shown significant volatility according to InvestingPro data, with a strong return of over 13% in the past six months.
According to a Form 4 filing with the Securities and Exchange Commission, the transaction occurred on July 23, 2025. The filing indicates that following the transaction, Mr. Catino directly holds 379,455 shares of Loop Industries. The company, with a market capitalization of $64.9 million, maintains a healthy balance sheet with more cash than debt and a solid current ratio of 2.81.
Additionally, the filing notes that 150,000 shares are indirectly held through Catino Holdings Inc., a Canadian corporation controlled by Giovanni Catino. Want deeper insights into Loop Industries’ financial health and future prospects? InvestingPro subscribers have access to 8 additional key ProTips and comprehensive analysis reports.
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