Australian Leaders Fund (ASX:ALF) Trading 1.1% Higher
Australian Leaders Fund Limited (ASX:ALF)’s stock price traded up 1.1% during trading on Wednesday . The company traded as high as A$0.94 ($0.66) and last traded at A$0.94 ($0.66), 18,350 shares traded hands during mid-day trading. The stock had previously closed at A$0.93 ($0.66).
The stock has a market cap of $230.52 million and a P/E ratio of -29.06. The company has a 50-day moving average price of A$0.93.
In other news, insider Justin Braitling bought 93,542 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were bought at an average cost of A$0.91 ($0.65) per share, for a total transaction of A$85,123.22 ($60,371.08). Insiders purchased 341,155 shares of company stock worth $307,736 over the last quarter.
Australian Leaders Fund Limited is an equity mutual fund launched and managed by Kingston Funds Management Pty Limited. It invests into the public equity markets of Australia. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in the value stocks of companies.
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