Insider Buying: CIMG Inc. (NASDAQ:IMG) Major Shareholder Acquires 3,074,590 Shares of 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 cost of $0.52 per share, with a total value of $1,598,786.80. Following the completion of the acquisition, the insider now directly owns 7,125,872 shares in the company, valued at $3,705,453.44. The trade was a 75.89 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

CIMG Stock Performance

Shares of IMG stock opened at $0.50 on Friday. The company has a market capitalization of $2.53 million, a price-to-earnings ratio of -0.07 and a beta of 1.59. CIMG Inc. has a 12-month low of $0.25 and a 12-month high of $8.00. The business’s 50-day moving average price is $0.60.

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.