CrowdGather Inc. $CRWG announced revenue that jumped 74%, gross profit that rose 84%, and a narrowed net loss during its fiscal first quarter 2016.
At the same time, Chairman & CEO Sanjay Sabnani purchased a substantial number of shares in the open market in early- to mid-June, in a sign that management is confident in the company's future.
These dynamics sent the stock close to more than 100% higher following the news release.
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