GOMspace (STO: GOMX) board member Henrik Kølle purchased more shares of GOMspace stock. Whereas insider selling is more the norm, this represents a relatively rare case of insider buying. Marketscreener reported Kølle purchased 17,885 shares of GOMX stock at price of SEK 4.35 per share. Already directly and indirectly holding 1,196,293 shares, this represents only a 1.5% increase in stock ownership.
However Henrik Kølle is one of two professional investors on GOMspace’s board. This purchase as opposed to selling should signal strength in his view of the GOMX’s outlook. Although the amount is relatively small, this may be the best indicator that GOMspace’s Indonesia project is on track to go forward. As alluded to earlier on this site, should GOMspace’s Indonesia project collapse, GOMX stock price would likely drop towards 2023 pre-announcement levels.
GOMX stock saw a nice bump after the release of Q3 data which reported another quarter of positive cash flow. The stock presently trades at SEK 4.22, a slight discount to Kølle’s recent purchase price of SEK 4.35.