GSTechnologies (LON:GST) Stock Price Up 13.5%

GSTechnologies Ltd. (LON:GST)’s stock price was up 13.5% on Monday . The company traded as high as GBX 0.82 ($0.01) and last traded at GBX 0.82 ($0.01). Approximately 22,648,283 shares traded hands during trading, an increase of 62% from the average daily volume of 13,947,777 shares. The stock had previously closed at GBX 0.72 ($0.01).

GSTechnologies Trading Up 13.5 %

The firm has a market cap of £16.09 million, a P/E ratio of -3.35 and a beta of 0.70. The company has a current ratio of 3.18, a quick ratio of 4.31 and a debt-to-equity ratio of 3.39. The business’s 50-day moving average is GBX 0.65 and its two-hundred day moving average is GBX 0.88.

Insiders Place Their Bets

In other news, insider Lord James Christopher Douglas Wellesley acquired 1,500,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were acquired at an average price of GBX 1 ($0.01) per share, with a total value of £15,000 ($19,615.54). 20.29% of the stock is owned by corporate insiders.

About GSTechnologies

GSTechnologies Ltd., together with its subsidiaries, provides data infrastructure, storage, and technology services worldwide. It offers structured cabling, data centers infrastructure, wireless network solution, smart security, and project management services. In addition, the company engages in the blockchain business.