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CEO, Director buying at Xebec Adsorption (T:XBC)

Updated Thursday Apr 01, 2021 02:41 AM EDT

Kurt Sorschak, CEO, Director and 10% Holder, acquired 80,000 Common Shares on a direct ownership basis at a price of $4.233 on March 31st, 2021. This represents a $338,640 investment into the company's shares and an account share holdings change of 34.5%.

Joseph H. Petrowski, a Director, acquired 4,000 Common Shares on an indirect ownership basis for registered holder Joint Account (Spouse) at a price of $3.397USD on March 31st, 2021. This represents a $17,087 investment into the company's shares and an account share holdings change of greater than 100%.

Xebec Adsorption is in the Environmental Services & Equipment Sub Industry Group under the Industrials Sector.

Xebec Adsorption Inc. (Xebec) is a provider of gas purification and filtration solutions for the natural gas, field gas, biogas, nitrogen, oxygen, helium and hydrogen markets. The Company is engaged in the design and manufacturing of filtration, purification, separation and dehydration equipment for gases and compressed air. Xebec designs, engineers and manufactures products that transform raw gases into marketable sources of clean energy. The Company's product segments are biogas plants for the purification of biogas from agricultural digesters, landfill sites and waste water treatment plants; natural gas dryers for natural gas vehicles (NGV) refueling stations, and associated gas purification systems, including helium and hydrogen purification systems for fuel cell and industrial applications. Xebec operates approximately two manufacturing facilities in Blainville, and Shanghai, People's Republic of China, as well as a sales and distribution network in North America and Asia. Xebec Adsorption Inc. (XBC) has a high amount of executive buying compared to its mid-cap peers in the market over the past three months. According to regulatory filings yesterday, two insiders have invested a total amount of $355,727.

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Go to Xebec Adsorption Inc. (XBC)'s company page

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