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Mill City Ventures III , Ltd (NASDAQ:MCVT) saw a notable transaction as director Laurence Zipkin purchased 2,455 shares of common stock on May 20. The shares were acquired at a price of $1.82 each, amounting to a total transaction value of $4,468. Following this purchase, Zipkin now holds 181,900 shares directly. The timing is interesting, as InvestingPro data shows the stock has gained over 10% in the past week, with RSI indicating overbought conditions. The company trades at an attractive P/B ratio of 0.62 and maintains strong liquidity with a current ratio of 7.93, suggesting ample coverage of short-term obligations. This acquisition reflects continued confidence in the company’s prospects.
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