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Alanco Technologies (NASDAQ:ALAN) CEO John A. Carlson purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were purchased at an average cost of $0.46 per share, with a total value of $4,600.00. Following the completion of the purchase, the chief executive officer now directly owns 193,935 shares in the company, valued at approximately $89,210. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Alanco Technologies (NASDAQ:ALAN) traded down 7.32% during mid-day trading on Friday, hitting $0.4101. 125 shares of the company’s stock traded hands. Alanco Technologies has a 52 week low of $0.31 and a 52 week high of $0.75. The stock’s 50-day moving average is $0.45 and its 200-day moving average is $0.45. The company’s market cap is $2.0 million.

Alanco Technologies, Inc (NASDAQ:ALAN) is focused on complete a merger (possibly a reverse merger) and remain an operating publicly traded company.

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