Basanite Inc (OTCMKTS:BASA) Director Paul M. Sallarulo acquired 2,000,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average cost of $0.05 per share, for a total transaction of $100,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of BASA opened at $0.28 on Thursday. Basanite Inc has a 1 year low of $0.07 and a 1 year high of $1.13. The business’s 50 day moving average price is $0.46.

Basanite Company Profile

Basanite, Inc engages in the basalt fiber reinforced polymer business worldwide. It produces basalt fiber reinforced polymer products that are used as replacements for steel products, which reinforce concrete, such as rebar. The company was formerly known as PayMeOn, Inc and changed its name to Basanite, Inc in December 2018.

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