On January 22, 2025, Laurence Sellyn, a Director at Loop Industries Inc (LOOP, Financial), purchased 50,000 shares of the company. Following this transaction, the insider now owns a total of 217,896 shares. The purchase was documented in a SEC Filing.
Loop Industries Inc is a technology company that focuses on sustainable plastic solutions. The company is known for its proprietary technology that enables the recycling of waste plastics into high-purity, virgin-quality PET plastic and polyester fiber.
The insider's recent acquisition is part of a broader trend observed over the past year, where Laurence Sellyn has purchased a total of 50,000 shares and has not sold any shares. This activity is reflected in the insider transaction history for Loop Industries Inc, which shows one insider buy and one insider sell over the past year.
Shares of Loop Industries Inc were trading at $1.09 each on the day of the purchase, resulting in a market cap of $55.240 million for the company.
This insider buying activity may be of interest to investors who track insider transactions as a potential indicator of a company's future performance.
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