Joyer Investment Ltd. Acquires 3,074,590 Shares of CIMG Inc. (NASDAQ:IMG) Stock

CIMG Inc. (NASDAQ:IMG) major shareholder Joyer Investment Ltd. acquired 3,074,590 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were acquired at an average cost 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

CIMG Stock Down 3.9 %

Shares of NASDAQ IMG traded down $0.02 during mid-day trading on Thursday, reaching $0.50. 221,237 shares of the company were exchanged, compared to its average volume of 1,281,555. The stock has a market cap of $2.53 million, a PE ratio of -0.07 and a beta of 1.60. CIMG Inc. has a 52 week low of $0.25 and a 52 week high of $8.00. The stock has a 50 day moving average of $0.60.

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.