Tycoon Industrier AS Bolsters Saga Pure ASA Stake with Major Share Acquisition

Saga Pure ASA ( (DE:SAT) ) has provided an update.

Tycoon Industrier AS, associated with Saga Pure ASA board member Øystein Stray Spetalen and Martin Nes, has acquired 5,000,000 shares of Saga Pure ASA at NOK 1.23 per share, increasing its holding to 67,965,154 shares. This transaction signifies a notable investment move by insiders, potentially impacting Saga Pure’s market position and stakeholder confidence as it continues to focus on environmentally friendly investments.

More about Saga Pure ASA

Saga Pure ASA is a company involved in the investment and development of environmentally friendly projects and technologies, with a focus on the renewable energy sector.

YTD Price Performance: -11.11%

Average Trading Volume: 29,000

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €50.84M

For detailed information about SAT stock, go to TipRanks’ Stock Analysis page.