Shares of One Horizon Group Inc (NASDAQ:OHGI) were up 10.6% during mid-day trading on Wednesday . The stock traded as high as $1.84 and last traded at $1.56. Approximately 2,149,600 shares changed hands during trading, an increase of 214% from the average daily volume of 683,667 shares. The stock had previously closed at $1.41.
The stock has a market cap of $40.36, a PE ratio of -3.67 and a beta of 2.24.
In other One Horizon Group news, major shareholder Zhanming Wu purchased 2,000,000 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was acquired at an average cost of $0.13 per share, for a total transaction of $260,000.00. Following the completion of the transaction, the insider now directly owns 2,000,000 shares in the company, valued at approximately $260,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 18.95% of the company’s stock.
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About One Horizon Group
One Horizon Group, Inc is engaged in the development and licensing of software for mobile voice over Internet protocol (VoIP). The Company’s operations include the licensing of software to telecommunications operators and the development of software application platforms that optimize mobile voice, instant messaging and advertising communications over the Internet.
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