Primorus Investments (LON:PRIM) Trading Up 10.8% Following Insider Buying Activity

Primorus Investments plc (LON:PRIM)’s share price was up 10.8% during mid-day trading on Friday following insider buying activity. The stock traded as high as GBX 3.60 ($0.05) and last traded at GBX 3.60 ($0.05). Approximately 150,029 shares were traded during mid-day 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 business’s stock in a transaction dated Friday, September 27th. The shares were purchased at an average price of GBX 3 ($0.04) per share, with a total value of £12,000 ($16,068.56).

Primorus Investments Price Performance

The firm’s fifty day moving average is GBX 3.18 and its 200 day moving average is GBX 3.67. The company has a market capitalization of £4.61 million, a P/E ratio of 330.00 and a beta of 0.96. The company has a debt-to-equity ratio of 1.29, a quick ratio of 4.72 and a current ratio of 27.10.

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.