GSTechnologies (LON:GST) Trading 13.2% Higher – Here’s Why

GSTechnologies Ltd. (LON:GST) was up 13.2% during trading on Thursday . The stock traded as high as GBX 2.40 ($0.03) and last traded at GBX 2.23 ($0.03). Approximately 74,420,227 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 66,775,359 shares. The stock had previously closed at GBX 1.97 ($0.02).

GSTechnologies Trading Up 16.8 %

The firm’s 50 day simple moving average is GBX 1.82 and its 200-day simple moving average is GBX 1.10. The company has a quick ratio of 4.31, a current ratio of 3.18 and a debt-to-equity ratio of 3.39. The company has a market capitalization of £45.31 million, a PE ratio of -3.35 and a beta of 0.70.

Insider Activity at GSTechnologies

In other GSTechnologies news, insider Lord James Christopher Douglas Wellesley acquired 335,000 shares of the stock in a transaction on Thursday, October 31st. The stock was purchased at an average price of GBX 1 ($0.01) per share, for a total transaction of £3,350 ($4,100.37). 20.29% of the stock is owned by insiders.

GSTechnologies Company Profile

GSTechnologies is a global technology company listed on the Main Market of the London Stock Exchange under the ticker, GST. The group operates three core businesses across blockchain payments and financial services, forex, as well as cryptoasset exchange. The group has operations in the UK, Lithuania, Singapore, and Australia.