Growlife Inc. (OTCMKTS:PHOT) Chairman Marco Hegyi bought 4,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 12th. The shares were bought at an average price of $0.01 per share, for a total transaction of $40,000.00. Following the completion of the acquisition, the chairman now owns 5,000,000 shares in the company, valued at approximately $50,000. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Growlife Inc. (OTCMKTS:PHOT) traded up 5.5046% during midday trading on Friday, hitting $0.0115. The company had a trading volume of 5,729,108 shares. The company’s 50 day moving average is $0.01 and its 200 day moving average is $0.01. Growlife Inc. has a one year low of $0.00 and a one year high of $0.09.