Erin Energy Corp. (ERN) Files Form 4 Insider Buying : Kase Lukman Lawal Buys 42,000 Shares

Erin Energy Corp. (ERN): Kase Lukman Lawal , 10% owner of Erin Energy Corp. purchased 42,000 shares on May 13, 2016. The Insider buying transaction was reported by the company on May 27, 2016 to the Securities and Exchange Commission. The shares were purchased at $2.03 per share for a total value of $85,005.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 9, 2016, Investment Corp (soc) L Public (10% owner) purchased 1.88442208E8 shares at $0.72 per share price.On Jan 4, 2016, Kase Lukman Lawal (CEO) purchased 51,600 shares at $3.05 per share price.Also, On Sep 23, 2015, Adama Traore (VP, Ctrlr & Chief Acct Ofcr) sold 5,410 shares at $4.22 per share price.On Sep 23, 2015, Heidi Wong (SVP and CAO) sold 8,969 shares at $4.22 per share price.

Erin Energy Corp: On Wednesday, May 25, 2016 heightened volatility was witnessed in Erin Energy Corp which led to swings in the share price. The shares opened for trading at $2.01 and hit $2.1 on the upside , eventually ending the session at $2.1, with a gain of 1.45% or 0.03 points. The heightened volatility saw the trading volume jump to 69,257 shares. The 52-week high of the share price is $8.96 and the company has a market cap of $446 M . The 52-week low of the share price is at $1.12.

Erin Energy Corp Money Flow Index Chart

Erin Energy Corporation operates as an independent oil and gas exploration and production company focused on energy resources in Africa. Its asset portfolio consists of nine licenses covering an area of 43000 square kilometers (10 million acres) including production and exploration properties offshore Nigeria; and exploration licenses offshore Ghana Kenya and Gambia as well as onshore Kenya. Erin Energy is headquartered in Houston Texas.

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