Gan Plc (LON:GAN) Insider Buys £2,600 in Stock

Gan Plc (LON:GAN) insider Dermot Smurfit bought 20,000 shares of the business’s stock in a transaction dated Wednesday, March 25th. The stock was acquired at an average cost of GBX 13 ($0.17) per share, for a total transaction of £2,600 ($3,420.15).

GAN stock traded up GBX 11 ($0.14) during trading hours on Thursday, reaching GBX 143 ($1.88). 358,185 shares of the stock were exchanged, compared to its average volume of 12,925. The company has a debt-to-equity ratio of 10.07, a quick ratio of 1.16 and a current ratio of 1.38. The stock has a market cap of $118.91 million and a P/E ratio of -51.07. Gan Plc has a 52-week low of GBX 48.30 ($0.64) and a 52-week high of GBX 202 ($2.66). The firm’s 50 day moving average is GBX 148.64 and its 200 day moving average is GBX 135.26.

Separately, Liberum Capital reiterated a “buy” rating on shares of GAN in a research note on Thursday.

GAN Company Profile

GAN plc, formerly GameAccount Network plc, is a provider of enterprise online gaming software, operational support services and online game content development services to the casino industry. The Company’s segments are business to business (B2B) and business to consumer (B2C). The Company is engaged in the provision and development of real money gaming software and the supply of Internet gaming systems to the online industry, and the provision and development of simulated gaming software and underlying systems to casino operators in the United States and other international markets.

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