GSTechnologies (LON:GST) Shares Down 12.7% – Here’s Why

GSTechnologies Ltd. (LON:GST)’s share price was down 12.7% on Monday . The company traded as low as GBX 1.10 ($0.02) and last traded at GBX 1.22 ($0.02). Approximately 37,346,902 shares traded hands during trading, an increase of 80% from the average daily volume of 20,793,836 shares. The stock had previously closed at GBX 1.40 ($0.02).

GSTechnologies Stock Down 12.7%

The stock’s 50-day moving average price is GBX 1.26 and its two-hundred day moving average price is GBX 1.63. The stock has a market capitalization of £32.80 million, a P/E ratio of -23.69 and a beta of 0.70. The company has a current ratio of 3.18, a quick ratio of 4.31 and a debt-to-equity ratio of 3.37.

Insider Buying and Selling

In related news, insider Lord James Christopher Douglas Wellesley sold 2,000,000 shares of the company’s stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of GBX 1 ($0.01), for a total transaction of £20,000 ($27,311.21). Also, insider Tone Kay Kim Goh purchased 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The shares were acquired at an average price of GBX 1 ($0.01) per share, for a total transaction of £1,000 ($1,365.56). Insiders have purchased a total of 2,919,495 shares of company stock worth $2,919,495 over the last 90 days. 20.29% of the stock is currently owned by corporate insiders.

About GSTechnologies

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.