From TradingView · · 40s
RGC Resources Rate Deal Agreed
RGC Resources secures rate deal with Virginia regulator as insiders buy shares.
In brief
RGC Resources secures rate deal with Virginia regulator as insiders buy shares. RGC Resources agreed a rate deal with Virginia's State Corporation Commission for $3.85M annual revenue increase, with insiders purchasing shares at $20.62-$21.45 each. Originally reported by TradingView.
Rate Deal Agreement
RGC Resources agreed to a rate deal with Virginia's State Corporation Commission for an extra $3.85M annual revenue.
Insider Share Purchases
Directors John Williamson III, Robert Johnston, and CEO Paul Nester bought 9,094 shares for $192K at $20.62-$21.45 each.
Financial Performance
Net income rose to $14.2M for nine months ending 30 June, up from $13.5M a year earlier.
The key point
RGC Resources agreed a rate deal with Virginia's State Corporation Commission for $3.85M annual revenue increase, with insiders purchasing shares at $20.62-$21.45 each.
