Love Group Global Ltd., the umbrella for brands Lovestruck and Noonswoon, has seen an uptick in its penny stock price following a long period of decline.
The dating company trades under the ticker LVE on the Australian Securities Exchange (ASX).
At the end of 2014, the share price was AUD $1. By the end of 2016, it had fallen to below AUD $0.30.
December 2017 saw the price drop past AUD $0.10, bottoming out at AUD $0.05 in May through June 2018.
In the past few months, however, Love Group Global stock has climbed back to AUD $0.14. The company’s market cap now sits at AUD $5.67 million.
Founder and Chief Executive Officer Michael Ye purchased 399,000 shares in a transaction dated 23rd October 2018. The purchase came to AUD $42,693.
Ye also bought 80,000 shares for AUD $7,200 on 19th October.
Love Group Global runs premium matchmaking brands alongside its two dating apps, as well as running DateTix, “a mobile online marketplace that facilitates offline dates by connecting like-minded people who are nearby each other and free at the same times.”
Visit the website here.