Shares of Locafy Limited (NASDAQ:LCFY – Get Free Report) fell 2.7% during mid-day trading on Thursday . The stock traded as low as $3.95 and last traded at $3.97. 14,227 shares changed hands during mid-day trading, an increase of 11% from the average session volume of 12,804 shares. The stock had previously closed at $4.08.
Locafy Stock Up 2.7%
The firm has a market capitalization of $7.34 million, a P/E ratio of -3.92 and a beta of 1.66. The firm has a 50 day moving average of $4.38 and a 200-day moving average of $3.90.
Insiders Place Their Bets
In other Locafy news, COO Jason Dale Jackson bought 9,285 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was purchased at an average cost of $4.20 per share, for a total transaction of $38,997.00. Following the completion of the purchase, the chief operating officer directly owned 11,050 shares of the company’s stock, valued at approximately $46,410. This trade represents a 526.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 28.70% of the stock is owned by insiders.
About Locafy
Locafy (NASDAQ:LCFY) is a technology company that offers a cloud-based software platform designed to streamline and automate local search marketing for multi-location businesses. Through its SaaS solution, Locafy enables brands to create, manage and optimize location-specific web pages and digital assets at scale, ensuring consistent and accurate information across search engines and online directories.
The Locafy platform leverages machine learning and automation to generate on-page SEO content, manage business listings and track local search performance.
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