Worksport Ltd. (NASDAQ:WKSP) CEO Purchases $24,999.75 in Stock

Worksport Ltd. (NASDAQ:WKSP) CEO Steven F. Rossi acquired 33,333 shares of Worksport stock in a transaction on Tuesday, November 19th. The shares were bought at an average cost of $0.75 per share, with a total value of $24,999.75. Following the completion of the transaction, the chief executive officer now owns 2,525,871 shares of the company’s stock, valued at approximately $1,894,403.25. This trade represents a 1.34 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Worksport Price Performance

Shares of NASDAQ WKSP traded up $0.06 during mid-day trading on Thursday, reaching $0.56. 757,243 shares of the company were exchanged, compared to its average volume of 396,065. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 2.96. The company’s 50-day simple moving average is $0.59 and its 200-day simple moving average is $0.64. Worksport Ltd. has a twelve month low of $0.36 and a twelve month high of $1.97.

Institutional Trading of Worksport

An institutional investor recently raised its position in Worksport stock. Armistice Capital LLC lifted its holdings in Worksport Ltd. (NASDAQ:WKSP) by 13.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,206,758 shares of the company’s stock after acquiring an additional 268,650 shares during the period. Armistice Capital LLC owned approximately 7.76% of Worksport worth $1,719,000 as of its most recent filing with the SEC. Institutional investors own 16.11% of the company’s stock.

Worksport Company Profile

Worksport Ltd., through its subsidiary, designs and distributes truck tonneau covers in Canada and the United States. The company offers soft tonneau covers, such as vinyl wrapped tri- and quad-fold tonneau covers; and hard tonneau covers, including tri- and quad-fold aluminum covers. It also offers energy products, such as Worksport SOLIS, a tonneau cover with integrated solar panels; and Worksport COR energy storage system, a modular, portable power station.