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Joseph S. Steinberg, a ten percent owner of Nocopi Technologies Inc. (OTC:NNUP), recently acquired 195,851 shares of the company in a private transaction. The shares were purchased at a price of $1.10 each, amounting to a total transaction value of $215,436. The stock currently trades at $1.62, representing a 47% premium to the purchase price. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. This acquisition increases Steinberg’s total holdings to 1,445,851 shares. The transaction was executed on June 6, 2025, and was conducted privately with a non-affiliate shareholder, exempt from the registration requirements of the Securities Act of 1933. The $16.3 million market cap company maintains strong financial health, with InvestingPro data showing a current ratio of 45.6 and zero debt. Notably, the stock tends to move independently of broader market trends, with additional insights available through InvestingPro’s comprehensive analysis tools.
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