Bezant Resources (LON:BZT) Trading Up 11.5%

Bezant Resources Plc (LON:BZT)’s stock price shot up 11.5% during trading on Wednesday . The stock traded as high as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). 8,621,645 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 47,042,816 shares. The stock had previously closed at GBX 0.03 ($0.00).

Bezant Resources Price Performance

The business has a fifty day moving average of GBX 0.03 and a 200 day moving average of GBX 0.02. The company has a debt-to-equity ratio of 8.80, a current ratio of 0.91 and a quick ratio of 0.42. The stock has a market cap of £3.00 million, a PE ratio of -0.70 and a beta of 1.14.

Insider Activity

In related news, insider Colin Bird purchased 15,000,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average price of GBX 3 ($0.04) per share, for a total transaction of £450,000 ($602,570.97). Company insiders own 18.25% of the company’s stock.

Bezant Resources Company Profile

Bezant Resources Plc engages in the exploration, evaluation, and development of mineral resources. It explores for gold, silver, manganese, copper, and other minerals in the United Kingdom, Argentina, Namibia, and Botswana. The company was formerly known as Tanzania Gold Plc and changed its name to Bezant Resources Plc in July 2007.