SigmaRoc (LON:SRC) Hits New 52-Week High – Still a Buy?

SigmaRoc plc (LON:SRC) shares hit a new 52-week high during trading on Friday . The stock traded as high as GBX 92.17 ($1.19) and last traded at GBX 92.17 ($1.19), with a volume of 4361016 shares traded. The stock had previously closed at GBX 90.30 ($1.17).

SigmaRoc Price Performance

The company’s fifty day moving average price is GBX 77.14 and its 200 day moving average price is GBX 74.44. The company has a market capitalization of £1.04 billion, a P/E ratio of -4.63 and a beta of 1.72. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 92.26.

Insider Buying and Selling

In other news, insider David Barrett purchased 142,000 shares of SigmaRoc stock in a transaction that occurred on Thursday, February 6th. The shares were acquired at an average price of GBX 67 ($0.87) per share, for a total transaction of £95,140 ($123,238.34). 21.82% of the stock is currently owned by company insiders.

SigmaRoc Company Profile

SigmaRoc is an AIM-quoted lime and limestone group targeting quarried materials assets in the UK and Northern Europe. It seeks to create value by purchasing assets in fragmented materials markets and extracting efficiencies through active management and by forming the assets into larger groups. It seeks to de-risk its investments through the selection of projects with strong asset-backing.