Large acquisition of shares made by Mammoth Energy director

 

A new filing with the Securities Exchange Commission shows Mammoth Energy Services Inc. board member Arthur L. Smith made a recent acquisition of 20,000 shares in the Oklahoma City-based company.

The filing revealed his Sept. 4, 2020 acquisition was at a per-share value of $1.29 and left Smith with total ownership of 129,685 shares of common stock in the company. Smith has been on the board of directors since its initial public offering in October of 2016. He founded investment advisory firm Triple Double Advisors, LLC in 2007 and has been its President and Managing member since August 2007.

He previously was Chairman and CEO of John S. Herold, Inc., an independent energy research firm. Smith still sits on the board of independent crude storage operator Fairway Energy and previously sat on the board of Plains All American GP LLC.

Source: Mammoth Energy