Woodbois Limited (LON:WBI) Insider Henry Turcan Sells 10,653,157 Shares

Woodbois Limited (LON:WBIGet Rating) insider Henry Turcan sold 10,653,157 shares of the company’s stock in a transaction on Friday, April 29th. The shares were sold at an average price of GBX 6 ($0.07), for a total transaction of £639,189.42 ($798,487.72).

WBI traded up GBX 0.74 ($0.01) during trading hours on Tuesday, hitting GBX 6.80 ($0.08). 62,994,764 shares of the stock were exchanged, compared to its average volume of 5,204,562. The stock has a market cap of £126.28 million and a price-to-earnings ratio of -60.60. The stock has a 50-day simple moving average of GBX 4.17 and a 200-day simple moving average of GBX 4.27. The company has a debt-to-equity ratio of 6.14, a current ratio of 1.91 and a quick ratio of 1.03. Woodbois Limited has a 12 month low of GBX 3.18 ($0.04) and a 12 month high of GBX 7.80 ($0.10).

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 6 ($0.07) price objective on shares of Woodbois in a research note on Friday, April 1st.

About Woodbois (Get Rating)

Woodbois Limited, together with its subsidiaries, engages in the forestry and timber trading businesses in Africa. It offers lumber used for making doors, windows and frames, decking, flooring, housing construction, railway sleepers, cabinet making, furniture, and high end interior finishes; and veneers, which is used in the production of plywood for construction and boat-building industries.

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