Conygar Investment (LON:CIC) Shares Down 15.5% – Should You Sell?

Shares of The Conygar Investment Company PLC (LON:CIC) fell 15.5% on Tuesday . The company traded as low as GBX 46 ($0.57) and last traded at GBX 49 ($0.61). 57,490 shares changed hands during trading, an increase of 207% from the average session volume of 18,752 shares. The stock had previously closed at GBX 58 ($0.72).

Conygar Investment Stock Down 4.2 %

The business has a fifty day moving average price of GBX 61.33 and a two-hundred day moving average price of GBX 72.25. The firm has a market cap of £27.43 million, a PE ratio of -88.46 and a beta of 0.51. The company has a debt-to-equity ratio of 44.71, a current ratio of 3.16 and a quick ratio of 11.14.

Insider Buying and Selling at Conygar Investment

In related news, insider Robert T. E. Ware bought 65,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was bought at an average price of GBX 47 ($0.59) per share, for a total transaction of £30,550 ($38,182.73). Company insiders own 22.98% of the company’s stock.

Conygar Investment Company Profile

The Conygar Investment Company PLC ("the Company") is incorporated in the United Kingdom and domiciled in England and Wales, is registered at Companies House under registration number 04907617, listed on the AIM market of the London Stock Exchange and limited by shares. The financial information set out in this report covers the six months to 31 March 2023, with comparative amounts shown for the six months to 31 March 2022 and the year to 30 September 2022, and includes the results and net assets of the Company and its subsidiaries, together referred to as the Group.