Director Darveau-Garneau buys 2,285 shares of MUX at $8.36; new entrant position as stock down 30.3% from 52-week high
Darveau-Garneau Nicolas, a director, acquired 2,285 shares at $8.36 on 2024-12-06, establishing an initial position with no prior holdings. The purchase occurred when MUX was trading 30.3% below its 52-week high of $12.26, yet the company is showing strong annual revenue growth of 50.6% and posted a quarterly revenue of $52.2M. However, the latest quarterly net income was $-2.1M, indicating the company is not yet profitable despite its growth trajectory. The current price of $8.55 is just marginally above the transaction price, and the 30-day decline of 4.0% suggests recent weakness, though the stock remains above its 52-week low of $5.94.