Marlett Christopher Picked Clearsign Combustion Corp (NASDAQ:CLIR) Shares

0
300

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Clearsign Combustion Corp (NASDAQ:CLIR) reported that Marlett Christopher A has picked up 1,131,651 of common stock as of 2017-03-14.

The acquisition brings the aggregate amount owned by Marlett Christopher A to a total of 1,131,651 representing a 7.1% stake in the company.

For those not familiar with the company, ClearSign Combustion Corporation is engaged in designing and developing technologies for the purpose of managing performance characteristics of combustion systems, including emission and operational performance, and energy efficiency. The Company’s Duplex and Electrodynamic Combustion Control (ECC) platform technologies manage the performance of combustion systems in a range of markets, including the energy (upstream oil production and down-stream refining), commercial/industrial boiler, chemical, petrochemical, and power industries. The Company’s Duplex technology uses a porous ceramic tile above a standard burner to reduce flame length and achieve low emissions without the need for external flue gas recirculation, catalytic reduction, or air systems. The Company’s ECC technology offers a computer-controlled voltage electric field into a combustion volume in order to control gas-phase chemical reactions and manage system performance.

A glance at Clearsign Combustion Corp (NASDAQ:CLIR)’s key stats reveals a current market capitalization of 56.16 Million based on 15.60 Million shares outstanding and a price at last close of $3.60 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-03-29, Harmon picked up 10,000 at a purchase price of $3.96. This brings their total holding to 16,000 as of the date of the filing.

On the sell side, the most recent transaction saw Bd unload 10,000 shares at a sale price of $4.60. This brings their total holding to 603,324.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Clearsign Combustion Corp (NASDAQ:CLIR) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.