Shares of One Horizon Group Inc (NASDAQ:OHGI) saw strong trading volume on Tuesday . 2,149,634 shares were traded during trading, an increase of 214% from the previous session’s volume of 683,681 shares.The stock last traded at $1.56 and had previously closed at $1.41.

The firm has a market cap of $40.36, a PE ratio of -3.67 and a beta of 2.24.

In other news, major shareholder Zhanming Wu acquired 2,000,000 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were purchased at an average cost of $0.13 per share, for a total transaction of $260,000.00. Following the transaction, the insider now directly owns 2,000,000 shares of the company’s stock, valued at $260,000. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 18.95% of the stock is owned by company insiders.

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About One Horizon Group

One Horizon Group, Inc is engaged in the development and licensing of software for mobile voice over Internet protocol (VoIP). The Company’s operations include the licensing of software to telecommunications operators and the development of software application platforms that optimize mobile voice, instant messaging and advertising communications over the Internet.

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