Nanoco Group (LON:NANO) Stock Price Up 12.6% – What’s Next?

Nanoco Group plc (LON:NANO)’s stock price was up 12.6% on Wednesday . The stock traded as high as GBX 14.40 ($0.18) and last traded at GBX 14.30 ($0.18). Approximately 1,133,329 shares were traded during trading, a decline of 30% from the average daily volume of 1,610,013 shares. The stock had previously closed at GBX 12.70 ($0.16).

Nanoco Group Trading Up 1.3 %

The stock has a market capitalization of £25.61 million, a PE ratio of 349.50 and a beta of 0.67. The company has a current ratio of 4.82, a quick ratio of 3.57 and a debt-to-equity ratio of 36.93. The business’s 50-day moving average is GBX 12.66 and its two-hundred day moving average is GBX 13.78.

Insiders Place Their Bets

In other news, insider Dmitry Shashkov acquired 405,212 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were purchased at an average price of GBX 1,400 ($17.50) per share, for a total transaction of £5,672,968 ($7,090,323.71). 50.28% of the stock is currently owned by insiders.

Nanoco Group Company Profile

Nanoco Group plc, together with its subsidiaries, engages in the research, development, manufacture, and licensing of novel nanomaterials for use in various commercial applications. The company offers CFQD quantum dots consisting of fluorescent semiconductor nanoparticles for OLED and µLED colour conversion, QD-EL, and security tagging applications; and HEATWAVE quantum dots for use in biometric facial recognition, optical diagnostics, LiDAR, and night vision applications in the sensor industry.