GSTechnologies (LON:GST) Trading 29.2% Higher – Here’s What Happened

GSTechnologies Ltd. (LON:GST) shares shot up 29.2% during trading on Tuesday . The company traded as high as GBX 0.87 ($0.01) and last traded at GBX 0.84 ($0.01). 26,032,859 shares were traded during trading, an increase of 92% from the average session volume of 13,578,844 shares. The stock had previously closed at GBX 0.65 ($0.01).

GSTechnologies Trading Up 27.4 %

The company has a 50 day simple moving average of GBX 0.67 and a two-hundred day simple moving average of GBX 0.81. The company has a debt-to-equity ratio of 3.39, a quick ratio of 4.31 and a current ratio of 3.18. The firm has a market cap of £16.31 million, a PE ratio of -3.35 and a beta of 0.70.

Insider Buying and Selling

In other GSTechnologies news, insider Lord James Christopher Douglas Wellesley purchased 1,200,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were bought at an average price of GBX 1 ($0.01) per share, for a total transaction of £12,000 ($15,669.89). Corporate insiders own 20.29% of the company’s stock.

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.