MAST Energy Developments (LON:MAST) Shares Up 5.9% – Here’s What Happened

MAST Energy Developments PLC (LON:MAST)’s share price rose 5.9% on Tuesday . The stock traded as high as GBX 0.20 ($0.00) and last traded at GBX 0.18 ($0.00). Approximately 36,106,188 shares traded hands during mid-day trading, an increase of 319% from the average daily volume of 8,623,545 shares. The stock had previously closed at GBX 0.17 ($0.00).

MAST Energy Developments Stock Performance

The company’s 50 day moving average is GBX 0.15 and its 200-day moving average is GBX 0.16. The company has a current ratio of 0.15, a quick ratio of 0.30 and a debt-to-equity ratio of 154.78. The company has a market capitalization of £852,700.00, a P/E ratio of -17.00 and a beta of -0.58.

About MAST Energy Developments

MAST Energy Developments PLC engages in the development and production of power generation projects in the United Kingdom. It operates Pyebridge project, a 9 MW reserve power (RP) plant located in Derbyshir; Bordesley Project, a 5 MW gas powered RP site; Rochdale Project, a 4.4 MW capacity gas-powered RP site located in the West Midlands; the Hindlip project, a 7.5 MW capacity gas-powered standby generation facility located in Worcester; and the Stather, a 2.4 MW capacity gas-powered RP plant located in Scunthorpe, Lincolnshire.