Insider Buying: Alset Inc. (NASDAQ:AEI) Director Purchases 1,300,000 Shares of Stock

Alset Inc. (NASDAQ:AEI) Director Heng Fai Ambrose Chan purchased 1,300,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The stock was bought at an average price of $0.45 per share, for a total transaction of $585,000.00. Following the acquisition, the director now owns 12,687,954 shares of the company’s stock, valued at $5,709,579.30. This represents a 11.42 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, December 10th, Heng Fai Ambrose Chan bought 205,149 shares of Alset stock. The stock was bought at an average cost of $0.97 per share, with a total value of $198,994.53.
• On Monday, November 25th, Heng Fai Ambrose Chan purchased 4,411,764 shares of Alset stock. The stock was bought at an average cost of $0.68 per share, with a total value of $2,999,999.52.

Alset Stock Performance

Alset stock opened at $0.84 on Friday. Alset Inc. has a fifty-two week low of $0.46 and a fifty-two week high of $2.05. The stock’s 50 day simple moving average is $1.25 and its two-hundred day simple moving average is $1.24. The stock has a market cap of $7.76 million, a price-to-earnings ratio of -0.19 and a beta of 1.24.

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.