Empire Resources Inc /new/ (ERS) Files Form 4 Insider Buying : Nathan Kahn Buys 120,000 Shares

Empire Resources Inc /new/ (ERS): Nathan Kahn , CEO of Empire Resources Inc /new/ purchased 120,000 shares on May 24, 2016. The Insider buying transaction was reported by the company on May 25, 2016 to the Securities and Exchange Commission. The shares were purchased at $3.65 per share for a total value of $438,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, Sandra Kahn (CFO) purchased 120,000 shares at $3.65 per share price.On May 25, 2016, Harvey Wrubel (director) sold 120,000 shares at $3.65 per share price.Also, On Aug 31, 2015, Morris J Smith (director) sold 1,197 shares at $3.00 per share price.

Empire Resources Inc: On Friday, May 20, 2016 heightened volatility was witnessed in Empire Resources Inc which led to swings in the share price. The shares opened for trading at $3.4601 and hit $3.5 on the upside , eventually ending the session at $3.5, with a gain of 3.86% or 0.13 points. The heightened volatility saw the trading volume jump to 1,272 shares. The 52-week high of the share price is $4.65 and the company has a market cap of $29,722 M . The 52-week low of the share price is at $2.35.

Empire Resources Inc Money Flow Index Chart

Empire Resources Inc. is engaged in the purchase sale and distribution of semi-finished aluminum and steel products. The Company’s subsidiaries include Empire Resources Pacific Ltd. 6900 Quad Avenue LLC and Imbali Metals BVBA. The Company sells its products through its own marketing and sales personnel as well as through commission based independent sales agents. The Company’s suppliers are PT. Alumindo Light Metal Industry and Hulamin Ltd. Semi-finished products include aluminum sheet coil plate and foil rod bar and wire extruded and cast products. The Company’s customers include industries such as distribution transportation automobile housing appliances and packaging.

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