Thomas M. Sauve, the Chief Executive Officer of Royalty Management Holding Corp (NASDAQ:RMCO), recently acquired 7,500 shares of the company’s common stock. The purchase, valued at approximately $7,835, was executed at an average price of $1.0447 per share. The stock has shown strong momentum recently, gaining over 10% in the past week. According to InvestingPro data, RMCO tends to move counter to market trends with a beta of -0.25. This transaction, recorded on January 2, 2025, increases Sauve’s total holdings to 1,204,708 shares. The shares were acquired through First Frontier Capital LLC, an entity beneficially owned by Sauve. The transaction was made under a pre-arranged trading plan pursuant to Rule 10b5-1. With a market capitalization of $15.23 million, RMCO has seen a notable 33.5% price increase over the past six months. InvestingPro subscribers have access to 8 additional key insights about RMCO’s financial health and market position.
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