Insider Buying: Prescott Group Capital Managem Acquires 82,000 Shares of China Marine Food Group Ltd Stock (CMFO)
China Marine Food Group Ltd (NASDAQ:CMFO) major shareholder Prescott Group Capital Managem purchased 82,000 shares of the stock on the open market in a transaction that occurred on Tuesday, January 14th. The shares were purchased at an average cost of $0.50 per share, for a total transaction of $41,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
China Marine Food Group Ltd (NASDAQ:CMFO) traded down 2.04% on Thursday, hitting $0.48. 24,365 shares of the company’s stock traded hands. China Marine Food Group Ltd has a 1-year low of $0.13 and a 1-year high of $1.07. The stock has a 50-day moving average of $0.37 and a 200-day moving average of $0.47. The company’s market cap is $14.3 million.
China Marine Food Group Limited is engaged in the business of processing, distribution and sale of processed seafood-based snack foods, as well as the sale of fresh and frozen marine catch.
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