There buying up the float get in before this takes off!
China Marine Food Group Ltd (NASDAQ:CMFO) major shareholder Prescott Group Capital Managem purchased 82,000 shares of the stock on the open market in a transaction that occurred on Tuesday, January 14th. The shares were purchased at an average cost of $0.50 per share, for a total transaction of $41,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
China Marine Food Group Ltd (NASDAQ:CMFO) traded down 2.04% on Thursday, hitting $0.48. 24,365 shares of the company’s stock traded hands. China Marine Food Group Ltd has a 1-year low of $0.13 and a 1-year high of $1.07. The stock has a 50-day moving average of $0.37 and a 200-day moving average of $0.47. The company’s market cap is $14.3 million.
China Marine Food Group Limited is engaged in the business of processing, distribution and sale of processed seafood-based snack foods, as well as the sale of fresh and frozen marine catch.
Vick is right let me tell you CMFO purposely was taken down to this level shorts did there game some got greedy did not cover got stuck at 20 plus smartMoney and insiders bought millions and millions of shares the outstanding shares is about 29 million Working capital was $73.8 million as of March 31, 2013, up from $72.2 million as of December 31, 2012. Little bit of a background on the company the total numbers of retail end-points for Hi-Power® were about 14,000 on March 31, 2013, up from 12,000 a year ago. Since 2012, the Company has focused on increasing sales growth in existing distributors. Hi-Power® beverages are sold and promoted in major international retailers such as Walmart®, China-based supermarkets like Trust-Mart®, convenience stores, bars, restaurants, school canteens and local corner stores which carry Hi-Power® beverages, and certain locations where Mingxiang®-branded seafood products are also sold.China Marine's sale of processed and packaged seafood snack foods generated $11.7 million in revenue, a 17.8% increase from the first quarter of 2012, representing the third consecutive quarter of year-over-year growth in seafood snacks revenue. Sales were higher in Fujian and Zhejiang provinces as a result of continuous market penetration efforts and marketing support. Seafood snack foods accounted for 54.3% of total revenues in the first quarter of 2013.
China Marine has maintained its product line of 23 Mingxiang®-branded seafood jerky snacks sold to consumers at retail locations. Retail points for seafood snack foods include major supermarket chains, convenience store chains, general food stores, campus canteens and local corner shops in Fujian, Zhejiang, Guangdong, Shandong and major prefectures like Shenzhen.
Look I agree but for the beginning this is going to go there from there the skies is the limit another Hidden gem ready to explode you should check out i've been loading up on that one too lots of insiders buying the symbol is CMFO I believe this will be another big home run very soon just check out how much they have bought it's amazing...Long ISR AND CMFO!