Earth Science Tech, Inc. (OTC:ETST) Director Yovan Arturo Sanchez recently acquired 100,000 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The company, which InvestingPro analysis shows is currently undervalued, has demonstrated strong financial health with a perfect Piotroski Score of 9. The shares were purchased on December 12 at a price of $0.12 per share, amounting to a total transaction value of $12,000. Following this transaction, Sanchez's direct ownership in the company increased to 1,350,000 shares. All purchases were made on the open market. This insider purchase aligns with broader company momentum, as ETST has delivered an impressive 87% return over the past year, despite recent volatility. InvestingPro subscribers can access 10+ additional insights about ETST's financial health and growth prospects.
In other recent news, Earth Science Tech, Inc., a Florida-based biotechnology company, has reported several significant developments. The company recently announced the completion of two strategic acquisitions. The first of these was the purchase of Avenvi, LLC, a real estate holding entity, for a total of $1,058,788.30. The second acquisition involved Mister Meds, LLC, a Texas-based firm, which was acquired for $54,200 in cash.
Simultaneously, Earth Science Tech launched Zoolzy, a new brand under Peaks Curative, LLC, marking its entry into the pet and wildlife industry. The company also relocated its principal office to a larger space in Miami, FL, and executed a repurchase of 11,545,898 shares of its common stock as part of a $5 million buyback program.
Furthermore, Earth Science Tech disclosed new compensatory arrangements for its top executives, CEO Giorgio R. Saumat and COO Mario G. Tabraue. The new agreement, contingent on the company's net profit growth, allows the CEO and COO to receive eighteen percent and twelve percent of the company's monthly cash receipts, respectively. The COO, Mario G. Tabraue, will also step down from all his current positions within the company's wholly-owned subsidiaries to focus solely on his responsibilities as COO. These are the recent developments within the company.
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