John D. Gibbs, a significant shareholder of Athena Gold Corp (OTC:AHNR), a micro-cap mining company with a market capitalization of $6.63 million, recently acquired 2 million shares of the company's common stock. According to InvestingPro, the stock has shown strong resilience with a 32% gain year-to-date, despite a recent 11% decline over the past week. The purchase, executed on December 3, 2024, was made at a price of $0.036 per share, totaling approximately $72,000. This transaction increased his direct ownership to 37,493,239 shares. Gibbs also holds indirect ownership through entities such as Tri Power Resources and Redwood (NYSE:RWT) Microcap Fund. Additionally, he holds warrants for further shares at varying exercise prices. The company currently maintains a FAIR financial health score of 2.46, as assessed by InvestingPro, which offers comprehensive insider trading analysis and 8 additional key insights about AHNR.
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With AHNR making headlines, investors are asking: Is it truly valued fairly? InvestingPro's advanced AI algorithms have analyzed AHNR alongside thousands of other stocks to uncover hidden gems with massive upside. And guess what? AHNR wasn't at the top of the list.
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