Insider Buying: CIMG Inc. (NASDAQ:IMG) Major Shareholder Buys 3,074,590 Shares of Stock

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

CIMG Stock Up 12.5 %

IMG opened at $0.57 on Friday. CIMG Inc. has a 1 year low of $0.25 and a 1 year high of $8.00. The stock has a market cap of $2.84 million, a P/E ratio of -0.08 and a beta of 1.59. The business’s fifty day moving average price is $0.59.

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.