Lions Gate Entertainment chairman and ceo Frank Giustra has purchased 500,000 shares of his company’s stock as it hovered slightly above an all-time low of $2.00 per share.

Giustra bought the shares through the tse at between $2.10 and $2.35 per share as the stock traded in high volumes.

The purchase makes Giustra the current owner of 13.5% of issued and outstanding shares in Lions Gate.

The company’s stock has been declining steadily since May.

Lions Gate began trading on the tse last November at $5.00 per share.

Lions Gate closed at $2.34 up $0.24 at Playback presstime.