Insider Buying: Alset Inc. (NASDAQ:AEI) CEO Acquires 50,000 Shares of Stock

Alset Inc. (NASDAQ:AEI) CEO Heng Fai Ambrose Chan bought 50,000 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was bought at an average price of $0.85 per share, with a total value of $42,500.00. Following the completion of the purchase, the chief executive officer now owns 5,938,438 shares of the company’s stock, valued at $5,047,672.30. This trade represents a 0.85 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, December 24th, Heng Fai Ambrose Chan purchased 1,300,000 shares of Alset stock. The shares were bought at an average price of $0.45 per share, for a total transaction of $585,000.00.
• On Tuesday, December 10th, Heng Fai Ambrose Chan acquired 205,149 shares of Alset stock. The shares were bought at an average price of $0.97 per share, with a total value of $198,994.53.
• On Monday, November 25th, Heng Fai Ambrose Chan bought 4,411,764 shares of Alset stock. The stock was bought at an average cost of $0.68 per share, for a total transaction of $2,999,999.52.

Alset Stock Performance

Shares of AEI traded up $0.01 during midday trading on Thursday, hitting $0.85. 88,949 shares of the stock traded hands, compared to its average volume of 3,749,903. The business’s 50 day moving average price is $1.04 and its two-hundred day moving average price is $1.19. The firm has a market capitalization of $7.89 million, a PE ratio of -0.20 and a beta of 1.29. Alset Inc. has a 1-year low of $0.46 and a 1-year high of $2.61.

About Alset

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.