Alzamend Neuro rises after founder buys over 19,000 shares

Alzamend Neuro

24/11/2021 12:02

** Drug developer Alzamend Neuro's shares  ALZN.O  up 4% at
$2.23 premarket
    ** Founder and Chairman Emeritus Milton C Ault, III buys
over 19,000 shares in two tranches on Monday and Tuesday through
an indirect subsidiary Digital Power Lending, ALZN says in a SEC
filing
    ** Ault and his holding company Ault Global Holdings Inc,
which owns Digital Power, collectively have over 36% stake in
ALZN, as per Refinitiv data
    ** After the latest purchase, Digital Power owns 6.89 mln
ALZN shares, which is 7.9% of total outstanding shares 
    ** Two brokerages covering ALZN rate the stock "buy"; their
median PT is $11.5
    ** Up to Tuesday's close, stock had lost more than half its
June IPO price of $5  urn:newsml:reuters.com:*:nASA02AS9

 (Reporting by Leroy Leo)
 ((Leroy.Dsouza@thomsonreuters.com;))