Ron Prefontaine’s Recent Stock Purchases Show Confidence in Pure Hydrogen Co. Limited

Pure Hydrogen Co. Limited (ASX: PH2) insider Ronald (Ron) Prefontaine recently purchased 200,000 shares of the company’s stock at an average price of A$0.20 ($0.14) per share, with a total value of A$39,200.00 ($27,222.22). This follows his purchase of 1,000,000 shares on Monday, January 16th at an average price of A$0.07 ($0.05) per share for a total value of A$70,000.00 ($48,611.11). Pure Hydrogen Corporation Limited is based in New South Wales and develops hydrogen and natural gas projects through the use of cutting edge technology. This article also mentions other stocks that have seen success recently such as Deere Stock and Tesla Stock.

Insider Trading

Insider trading is the buying and selling of a security by someone who has access to material non-public information about the security. It is illegal for insiders to make trades based on this information, as it gives them an unfair advantage over other investors. Insider trading can be prosecuted under both civil and criminal law, with the severity of the punishment depending on the amount of money involved in the transaction. Penalties can include fines, jail time, or both. To prevent insider trading, companies must have strong policies in place to ensure that insiders do not use their knowledge of material non-public information for personal gain.
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Picture source: Tommy Krombacher