With LM Funding America, Inc. (NASDAQ:LMFA) trading at a significant discount to book value and showing strong momentum over the past three months, Ryan H. Duran, Vice President of Operations, has sold 500 shares of common stock. According to InvestingPro analysis, the micro-cap company, valued at $10.51M, maintains a 'Fair' financial health rating. The transaction, executed on December 4, 2024, was part of a pre-established trading plan under Rule 10b5-1. The shares were sold at an average price of $2.8878 each, amounting to a total sale value of $1,443. Following this transaction, Duran retains ownership of 13,318 shares of the company's common stock.
Additionally, Duran holds several stock options, which include rights to purchase 41,667 shares at a conversion price of $4.506, among others. These options are part of the 2021 Omnibus Incentive Plan, with vesting conditions tied to time and performance milestones.
In other recent news, LM Funding America reported its third quarter results, revealing a strategic shift towards vertical integration in its mining operations. The company's third quarter earnings disclosed a total revenue of approximately $1.3 million, with $1.1 million derived from mining 18.5 Bitcoins. Despite a year-over-year decrease in revenue, the firm remains optimistic about future expansions and Bitcoin's price trajectory.
In addition to these financial results, the company confirmed a sustainable power rate of $0.04 per kilowatt in Oklahoma and plans for expansion. Analysts have shown interest in LM Funding America's operational capacity, power rates, expansions, and mergers and acquisitions strategy.
Furthermore, the company is committed to expanding its Bitcoin mining capacity through reinvestment and advanced technologies. LM Funding America is transitioning to a vertically integrated mining strategy with a focus on low-cost, sustainable power sources. It's worth noting that these are recent developments and represent the company's ongoing efforts to navigate the dynamic cryptocurrency mining landscape.
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