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Chris Wren, VP of Operations at Planet 13 Holdings Inc (OTCQX:OTC:PLNH), sold 227,000 shares of common stock in two separate transactions. The sales, which took place on August 15 and August 18, were executed at prices ranging from $0.3028 to $0.3075, netting Wren a total of $69,205. The stock, currently trading at $0.31, has shown significant volatility with a beta of 2.21 and is down over 50% in the past year, according to InvestingPro data.
On August 15, Wren sold 127,000 shares of Planet 13 stock at $0.3028 per share. Three days later, on August 18, Wren sold an additional 100,000 shares at $0.3075 per share. Following these transactions, Wren directly owns 5,360,829 shares of Planet 13 Holdings Inc. The company, with a market cap of $100 million, currently trades at a price-to-book ratio of 1.01 and shows signs of being undervalued based on InvestingPro’s Fair Value analysis, despite facing challenges with cash burn and profitability.
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