CIMG Inc. (NASDAQ:IMG) Major Shareholder Purchases $1,598,786.80 in Stock

CIMG Inc. (NASDAQ:IMG) major shareholder Joyer Investment Ltd. acquired 3,074,590 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were bought at an average price of $0.52 per share, for a total transaction of $1,598,786.80. Following the acquisition, the insider now directly owns 7,125,872 shares of the company’s stock, valued at approximately $3,705,453.44. This trade represents a 75.89 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

CIMG Trading Down 3.9 %

Shares of IMG traded down $0.02 during trading hours on Thursday, reaching $0.50. 221,237 shares of the stock traded hands, compared to its average volume of 1,281,555. CIMG Inc. has a 52 week low of $0.25 and a 52 week high of $8.00. The stock has a fifty day moving average price of $0.60. The stock has a market cap of $2.53 million, a P/E ratio of -0.07 and a beta of 1.60.

CIMG Company Profile

CIMG Inc is a digital marketing, sales and distribution company for various consumer products with focuses on food and beverages. CIMG Inc, formerly known as NUZEE INC., is based in BEIJING.