Mobile Tornado Group (LON:MBT) Trading 18% Higher After Insider Buying Activity

Mobile Tornado Group plc (LON:MBT) shares were up 18% during trading on Thursday after an insider bought additional shares in the company. The stock traded as high as GBX 1.48 ($0.02) and last traded at GBX 1.48 ($0.02). Approximately 250,000 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 335,644 shares. The stock had previously closed at GBX 1.25 ($0.02).

Specifically, insider Luke Wilkinson acquired 680,000 shares of Mobile Tornado Group stock in a transaction on Thursday, October 10th. The stock was purchased at an average cost of GBX 1 ($0.01) per share, with a total value of £6,800 ($8,899.36).

Mobile Tornado Group Trading Down 6.3 %

The stock has a market capitalization of £6.27 million, a PE ratio of -10.50 and a beta of 1.73. The company has a 50 day simple moving average of GBX 1.41 and a 200 day simple moving average of GBX 1.50.

Mobile Tornado Group Company Profile

Mobile Tornado Group plc provides instant communication mobile applications in the United Kingdom and internationally. The company offers Push-to-Talk solution (PTT) that provides one-to-one calls or broadcast to a large group with a single push of a button; and PTT Mobile Device Management provides secure communications, and prevents end-users from changing device configuration, or change device settings.