6th Dec 2018 14:40
LONDON (Alliance News) - Challenger Acquisitions Ltd shares almost doubled Thursday after Chief Executive Officer Mark Gustafson acquired 6.0 million shares, over two transactions, in the leisure and entertainment company.
Shares in Challenger Acquisitions - which backs observation wheel projects - were up 73% to 0.14 pence each Thursday afternoon. The stock remains down 75% so far in 2018, even after Thursday's gain.
Gustafson bought 3.0 million shares at 0.065 pence Tuesday, for GBP1,950. He then acquired another 3.0 million shares on Wednesday for 0.085p, for GBP2,550. His combined total for two transactions equalled GBP4,500.
Gustafson now holds 10.2 million shares in the company, representing 4.5% of the total issued shares.
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