In a recent filing with the Securities and Exchange Commission, Anthony K. McDonald, CEO and President of CEA Industries Inc. (NASDAQ:CEAD), reported multiple acquisitions of the company's common stock. On December 9, McDonald purchased a total of 2,250 shares, with prices ranging from $7.70 to $7.80 per share. The stock has since risen to $8.37, showing strong momentum with a 27% gain over the past year, according to InvestingPro data. The total value of these transactions amounted to $17,405. Following these purchases, McDonald now holds 4,834 shares directly. This move underscores McDonald's (NYSE:MCD) continued investment and belief in the company's prospects, despite the company's current unprofitable status. InvestingPro analysis reveals the company maintains a strong balance sheet with more cash than debt and a healthy current ratio of 11.4x. Discover 8 more key insights about CEAD with an InvestingPro subscription.
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