Atome (LON:ATOM) Trading Up 1.7%

Shares of Atome Plc (LON:ATOM) rose 1.7% on Wednesday . The stock traded as high as GBX 59 ($0.74) and last traded at GBX 59 ($0.74). Approximately 20,665 shares traded hands during trading, a decline of 75% from the average daily volume of 82,200 shares. The stock had previously closed at GBX 58 ($0.73).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group began coverage on Atome in a research report on Monday, April 15th. They issued a “speculative buy” rating and a GBX 130 ($1.63) target price on the stock.

Atome Stock Performance

The company has a current ratio of 5.41, a quick ratio of 5.80 and a debt-to-equity ratio of 10.68. The firm has a market capitalization of £26.05 million, a price-to-earnings ratio of -421.43 and a beta of 0.13. The stock’s 50-day moving average is GBX 56.44 and its 200-day moving average is GBX 65.42.

Insider Transactions at Atome

In other news, insider Peter M. Levine purchased 195,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was bought at an average cost of GBX 50 ($0.63) per share, for a total transaction of £97,500 ($122,487.44). Company insiders own 59.10% of the company’s stock.

About Atome

Atome Plc engages in producing, marketing, and distributing green hydrogen and ammonia. The company was formerly known as ATOME Energy PLC and changed its name to Atome Plc in February 2024. Atome Plc was incorporated in 2021 and is based in Leeds, the United Kingdom.