Antony Mitchell Sells 5,000,000 Shares of Emergent Capital Inc (EMGC) Stock

Emergent Capital Inc (NASDAQ:EMGC) CEO Antony Mitchell sold 5,000,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $0.20, for a total value of $1,000,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Emergent Capital Inc (NASDAQ EMGC) traded down 0.20% during trading on Tuesday, hitting $0.37. The stock had a trading volume of 33,000 shares. The company has a 50-day moving average of $0.43 and a 200 day moving average of $0.34. Emergent Capital Inc has a 52 week low of $0.19 and a 52 week high of $3.15. The company’s market cap is $10.44 million.

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About Emergent Capital

Emergent Capital, Inc, formerly Imperial Holdings, Inc, is a specialty finance company that invests in asset classes, primarily life settlements. The Company, through its subsidiary companies, owns a portfolio of approximately 630 life insurance policies (life settlements). The Company purchases individual policies and portfolios of life insurance policies and manages those assets based on actuarial and market data.

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