Edible Garden AG Inc. (NASDAQ:EDBL) shares surged 23.26% to $0.11 in after-hours trading on Tuesday, reversing a 24.85% decline during the regular session.
What Investors Should Know
On Tuesday, a Securities and Exchange Commission filing showed New York City-based proprietary trading and quantitative investment firm HRT Financial LP reported purchases of Edible Garden common stock.
The SEC filing reported acquisitions of 266,482 shares on Jul. 1, 100,778 shares on Jul. 2, and 49,552 shares on Jul. 6. The purchase prices ranged from $0.119 to $0.166 per share. The total value of the reported purchases was approximately $63,435.
The filing follows Edible Garden’s Jun. 30 announcement, in which the company said it had entered into a non-binding letter of intent for a strategic commercialization alliance to advance its asset-light strategy and create recurring commercialization revenue opportunities.
