Aureus Greenway Holdings Inc.’s Lock-Up Period Set To End on August 11th (NASDAQ:AGH)

Aureus Greenway’s (NASDAQ:AGH) lock-up period will end on Monday, August 11th. Aureus Greenway had issued 3,750,000 shares in its public offering on February 12th. The total size of the offering was $15,000,000 based on an initial share price of $4.00. After the end of Aureus Greenway’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Aureus Greenway Stock Down 6.2%

Aureus Greenway stock opened at $2.86 on Friday. Aureus Greenway has a 1-year low of $0.52 and a 1-year high of $7.22. The stock has a fifty day simple moving average of $1.05.

Aureus Greenway (NASDAQ:AGH) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.02 EPS for the quarter.

Insider Transactions at Aureus Greenway

In other Aureus Greenway news, Director Ching Ping Stephen Cheung sold 7,000,000 shares of Aureus Greenway stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $0.29, for a total transaction of $2,030,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Ace Champion Investments Ltd sold 7,000,000 shares of Aureus Greenway stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $0.29, for a total value of $2,030,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,000,000 shares of company stock worth $8,020,000.

Aureus Greenway Company Profile

We own and operate two public golf country clubs in Florida that each features a golf-club, consisting of over 289 acres of multi-service recreational property. Our golf country clubs include two golf-courses with over 13,000 yards of combined fairways, clubhouses boasting food and beverage options, aquatic golf ranges, and pro shops to assist any level of golfer.