India Globalization Capital, Inc. (NYSEAMERICAN:IGC) Chairman Ram Mukunda sold 154,950 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $0.86, for a total transaction of $133,257.00. Following the transaction, the chairman now owns 2,526,944 shares of the company’s stock, valued at approximately $2,173,171.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of India Globalization Capital, Inc. (NYSEAMERICAN IGC) opened at $0.78 on Monday. India Globalization Capital, Inc. has a 12 month low of $0.23 and a 12 month high of $0.98.

India Globalization Capital (NYSEAMERICAN:IGC) last released its quarterly earnings results on Monday, November 20th. The construction company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $0.24 million for the quarter. India Globalization Capital had a negative net margin of 817.04% and a negative return on equity of 25.75%.

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About India Globalization Capital

India Globalization Capital, Inc develops intellectual property for the treatment of life altering or life threatening conditions, through its research on phytocannabinoid-based therapies, in the United States. The Company also builds farming facilities for leasing. In Malaysia, the Company develops and manages residential and commercial real estate.

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