Ajax Resources (LON:AJAX) Shares Down 13.3% – Here’s What Happened

Ajax Resources Plc (LON:AJAX) shares traded down 13.3% during trading on Monday . The stock traded as low as GBX 2.60 ($0.03) and last traded at GBX 2.60 ($0.03). 112,000 shares changed hands during trading, a decline of 92% from the average session volume of 1,461,513 shares. The stock had previously closed at GBX 3 ($0.04).

Ajax Resources Stock Performance

The company has a 50 day moving average of GBX 2.99 and a 200 day moving average of GBX 3. The stock has a market capitalization of £1.22 million, a price-to-earnings ratio of -150.00 and a beta of 2.28.

Ajax Resources (LON:AJAX) last issued its earnings results on Monday, November 25th. The company reported GBX (0.20) ($0.00) EPS for the quarter.

Insiders Place Their Bets

In related news, insider Richard Heywood bought 458,830 shares of the company’s stock in a transaction on Friday, December 20th. The stock was bought at an average cost of GBX 3 ($0.04) per share, for a total transaction of £13,764.90 ($17,126.91). Corporate insiders own 63.52% of the company’s stock.

About Ajax Resources

Ajax Resources Plc focuses on acquiring businesses, or production and development assets in the energy and natural resources sector. The company was incorporated in 2021 and is based in London, the United Kingdom.