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In a recent transaction, Joseph V. Salvucci Sr., a director at EON Resources Inc. (NASDAQ:EONR), acquired a significant amount of the company’s Class A Common Stock. Salvucci purchased a total of 46,429 shares, amounting to approximately $24,774. The shares were bought at prices ranging from $0.5299 to $0.5377 per share, close to the current trading price of $0.54. The micro-cap company, valued at $4.77 million, has seen its stock surge 45.86% in the past week despite facing significant operational challenges. InvestingPro analysis indicates the stock is trading above its Fair Value.
The acquisition was conducted through JVS Alpha Property, LLC, in which Salvucci holds a 100% ownership interest. Following this transaction, Salvucci’s total holdings in EON Resources increased to 1,315,750 shares. InvestingPro subscribers can access 12 additional key insights about EONR, including detailed analysis of its financial health and growth prospects.
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