Christopher G. Grosso, a director at International Isotopes Inc. (OTC:INIS), recently acquired a significant number of shares in the company. According to a recent filing, Grosso purchased 401,117 shares of common stock on November 14, 2024, at a price of $0.03 per share. This transaction totaled approximately $12,033.
Following this acquisition, Grosso holds a substantial number of shares across various ownership categories. His direct ownership now includes 38,707,084 shares. Additionally, he holds 1,026,283 shares as a custodian for his daughter, and 325,166 shares as a custodian for his son. Furthermore, 11,451,129 shares are held by the Dianne Grosso Credit Shelter Trust. These transactions highlight Grosso's ongoing investment in International Isotopes Inc.
InvestingPro Insights
Christopher G. Grosso's recent purchase of International Isotopes Inc. (OTC:INIS) shares aligns with several interesting financial metrics and trends revealed by InvestingPro data. Despite the company's stock taking a significant hit over the last six months, with a -18.23% price total return, INIS has shown a strong return over the last three months, as highlighted by one of the InvestingPro Tips.
The company's revenue growth is noteworthy, with a 34.47% increase in quarterly revenue as of Q3 2024. This growth trajectory is further supported by a robust EBITDA growth of 134.16% over the last twelve months. These figures suggest that INIS is experiencing positive operational momentum, which may have influenced Grosso's decision to increase his stake.
InvestingPro Tips also indicate that INIS is trading at a low earnings multiple, which could be attractive for value-oriented investors like Grosso. However, it's worth noting that the company's P/E ratio stands at -45.35, reflecting current profitability challenges.
For investors seeking a more comprehensive analysis, InvestingPro offers 7 additional tips for INIS, providing deeper insights into the company's financial health and market position.
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