Marygold Companies (NYSEAMERICAN:MGLD) Stock Price Down 9% – Here’s What Happened

The Marygold Companies, Inc. (NYSEAMERICAN:MGLD) traded down 9% on Tuesday . The stock traded as low as $0.70 and last traded at $0.76. 15,621 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 17,863 shares. The stock had previously closed at $0.84.

Marygold Companies Stock Down 9.0 %

The firm’s 50-day moving average price is $1.02.

Insiders Place Their Bets

In other news, CEO & Melinda Gerber Livi Nicholas bought 50,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average cost of $1.05 per share, for a total transaction of $52,500.00. Following the purchase, the chief executive officer now owns 18,640,773 shares of the company’s stock, valued at approximately $19,572,811.65. This trade represents a 0.27 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Marygold Companies Company Profile

The Marygold Companies, Inc, through its subsidiaries, engages in investment fund management, beauty products, food products, financial services, and security alarm systems businesses in the United States, the United Kingdom, New Zealand, Australia, and Canada. It operates as an investment advisor to exchange traded funds and exchange traded products organized as limited partnerships or investment trusts.