Trecora Resources (TREC) Files Form 4 Insider Buying : Simon H Upfill-brown Buys 5,000 Shares

Trecora Resources (TREC): Simon H Upfill-brown , CEO of Trecora Resources purchased 5,000 shares on May 10, 2016. The Insider buying transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were purchased at $10.94 per share for a total value of $54,700.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 25, 2015, Simon H Upfill-brown (President) purchased 5,000 shares at $12.09 per share price.On Aug 13, 2015, John Richard Townsend (director) sold 13,863 shares at $13.60 per share price.Also, On May 21, 2015, Nicholas Carter (President and CEO) sold 34,500 shares at $12.33 per share price.

Trecora Resources: On Tuesday, May 10, 2016 heightened volatility was witnessed in Trecora Resources which led to swings in the share price. The shares opened for trading at $10.65 and hit $11.0299 on the upside , eventually ending the session at $10.94, with a gain of 3.01% or 0.32 points. The heightened volatility saw the trading volume jump to 61,517 shares. The 52-week high of the share price is $16.5 and the company has a market cap of $268 M . The 52-week low of the share price is at $8.17.

Trecora Resources Money Flow Index Chart

Trecora Resources formerly Arabian American Development Company manufactures specialty petrochemical products and synthetic waxes and provides custom processing services. The Company operates through two business segments: specialty petrochemical products and specialty synthetic wax. The specialty petrochemical products segment operates through South Hampton Resources Inc. (South Hampton) a subsidiary of Texas Oil & Chemical Co. II Inc. (Tocco) a subsidiary of the Company. South Hampton produces hydrocarbons and other petroleum based products. The specialty synthetic wax segment operates through Trecora Chemical Inc. (TC) a subsidiary of Tocco which produces specialty polyethylene and poly alpha olefin waxes and provides custom processing services. It also owns a 35% interest in Al Masane Al Kobra Mining Company and a 55% interest in Pioche Ely Valley Mines Inc. which does not conduct any business activity but owns undeveloped properties in the United States.

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