Insider Buying: John R. Rice III Buys 1,924,242 Shares of Amincor Stock (AMNC)
Amincor (NASDAQ:AMNC) major shareholder John R. Rice III purchased 1,924,242 shares of Amincor stock in a transaction that occurred on Tuesday, July 22nd. The shares were purchased at an average price of $0.03 per share, with a total value of $57,727.26. Following the purchase, the insider now directly owns 5,752,375 shares in the company, valued at approximately $172,571. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Amincor (NASDAQ:AMNC) traded up 26.67% during mid-day trading on Monday, hitting $0.038. The stock had a trading volume of 153,000 shares. The stock has a 50-day moving average of $0. and a 200-day moving average of $0.. The company’s market cap is $1.2 million.
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