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HOUSTON—Joseph V. Salvucci Sr., a director at EON Resources Inc. (NASDAQ:EONR), recently acquired a significant amount of the company’s Class A Common Stock. According to a recent filing, Salvucci purchased shares totaling approximately $47,784. The timing is notable as EONR’s stock has surged 26% in the past week, though it remains down 85% over the past year, according to InvestingPro data.
The transactions occurred on March 17, 2025, with a total of 95,959 shares acquired. The price per share ranged from $0.4865 to $0.5091. Following these acquisitions, Salvucci’s total holdings in the company increased to 1,269,321 shares. InvestingPro analysis reveals concerning fundamentals, with a weak financial health score and significant debt burden. Unlock 12 additional ProTips and comprehensive insider trading analysis with InvestingPro.
These transactions were conducted indirectly through JVS Alpha Property, LLC, in which Salvucci holds a 100% ownership interest. This strategic move highlights Salvucci’s confidence in the company’s prospects as EON Resources continues to operate in the crude petroleum and natural gas sector. The micro-cap company, valued at $4.78 million, currently trades well below the analyst target price of $4.50.
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