Primorus Investments (LON:PRIM) Trading 10.8% Higher on Insider Buying Activity

Primorus Investments plc (LON:PRIM) shares rose 10.8% during mid-day trading on Friday after an insider bought additional shares in the company. The company traded as high as GBX 3.60 ($0.05) and last traded at GBX 3.60 ($0.05). Approximately 150,029 shares changed hands during trading, a decline of 56% from the average daily volume of 344,804 shares. The stock had previously closed at GBX 3.25 ($0.04).

Specifically, insider Rupert Labrum bought 400,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were acquired at an average price of GBX 3 ($0.04) per share, for a total transaction of £12,000 ($16,068.56).

Primorus Investments Trading Up 1.5 %

The business’s 50 day simple moving average is GBX 3.18 and its 200 day simple moving average is GBX 3.67. The stock has a market cap of £4.61 million, a price-to-earnings ratio of 330.00 and a beta of 0.96. The company has a quick ratio of 4.72, a current ratio of 27.10 and a debt-to-equity ratio of 1.29.

Primorus Investments Company Profile

Primorus Investments plc is a private equity firm specializing in buyout investments in small and mid cap firms. The firm focuses to invest in financial services, natural resources, energy, clean technology, financial technology, business technology, infrastructure, property, consultancy, brand licensing and leisure sectors.