Insider Buying: Alset Inc. (NASDAQ:AEI) Director Purchases $2,999,999.52 in Stock

Alset Inc. (NASDAQ:AEI) Director Heng Fai Ambrose Chan acquired 4,411,764 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was acquired at an average cost of $0.68 per share, with a total value of $2,999,999.52. Following the completion of the purchase, the director now owns 11,387,954 shares of the company’s stock, valued at $7,743,808.72. This trade represents a 63.24 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Heng Fai Ambrose Chan also recently made the following trade(s):

• On Tuesday, September 24th, Heng Fai Ambrose Chan purchased 6,034,537 shares of Alset stock. The stock was acquired at an average price of $0.63 per share, with a total value of $3,801,758.31.

Alset Stock Performance

NASDAQ AEI opened at $1.21 on Friday. The company has a market cap of $11.17 million, a PE ratio of -0.28 and a beta of 1.26. Alset Inc. has a 52-week low of $0.46 and a 52-week high of $2.05. The firm’s 50 day moving average price is $1.40 and its 200-day moving average price is $1.20.

Alset Company Profile

Alset Inc engages in the real estate development, financial services, digital transformation technologies, biohealth activities, and consumer products businesses in the United States, Singapore, Hong Kong, Australia, and South Korea. It operates through four segments: Real Estate, Digital Transformation Technology, Biohealth, and Other Business Activities segments.