Interim Executive Chairman Morgan Lee Lekstrom purchased 25,000 shares for $25,250, marking the largest insider purchase in the company's history. This high-level buyback signals confidence in the stock's recovery potential despite its steep year-to-date decline.
Price context
The stock is trading near its 52-week low of $0.7045, having fallen 48.97% over the last 90 days and 84.91% over the past year.
Catalysts to watch
- •Transition to early commercialization in Q1 2026 (May 20).
- •Public equity raise of $35 million completed in January 2026 (Feb 4).
- •The trade represents the largest insider purchase in the company's history.
Risks
- •The stock carries a high beta of 1.855, indicating significant volatility.
- •Short interest stands at 6.87% of the float.
- •Q1 2026 earnings highlighted ongoing revenue challenges and operational hurdles.
AI-generated context from public data. Not investment advice. Verify before trading.