Gold prices steady amid Fed rate cut hopes; Trump-Putin talks awaited
Nicholas Gerber, the Chief Executive Officer of Marygold Companies, Inc. (NASDAQ:MGLD), recently made a significant purchase of the company’s stock. According to a filing with the Securities and Exchange Commission, the Nicholas & Melinda Gerber Living Trust acquired 50,000 shares of Marygold Companies’ common stock on February 24, 2025. The shares were bought at an average price of $1.051 each, amounting to a total investment of $52,550.
Following this transaction, the trust now holds 18,640,773 shares of Marygold Companies. This move indicates Gerber’s continued confidence in the company’s performance and prospects as he maintains a substantial stake in the enterprise. InvestingPro analysis suggests the stock is currently undervalued, despite facing profitability challenges with a negative EBITDA of $7.64M in the last twelve months. For deeper insights into MGLD’s valuation and 6 additional ProTips, consider exploring InvestingPro.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.