Getech Group (LON:GTC) Stock Price Up 16.9% – Here’s Why
by Danessa Lincoln · The Markets DailyGetech Group plc (LON:GTC – Get Free Report) shares traded up 16.9% during mid-day trading on Monday . The company traded as high as GBX 4 and last traded at GBX 3.80. 4,066,459 shares changed hands during mid-day trading, an increase of 395% from the average daily volume of 821,087 shares. The stock had previously closed at GBX 3.25.
Getech Group Stock Performance
The business has a 50-day simple moving average of GBX 3 and a 200 day simple moving average of GBX 2.34. The firm has a market cap of £5.80 million, a PE ratio of -9.05 and a beta of 0.67. The company has a debt-to-equity ratio of 7.89, a current ratio of 0.82 and a quick ratio of 3.50.
Insider Buying and Selling
In other news, insider Christopher Paul Jepps sold 217,006 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of GBX 3, for a total value of £6,510.18. 11.02% of the stock is currently owned by corporate insiders.
About Getech Group
Getech (AIM: GTC) applies its world-leading geoscience data and unique geospatial software products to accelerate the energy transition by locating, developing and operating geoenergy and green hydrogen projects.