PureTech Health (LON:PRTC) Shares Up 14.2% – Here’s Why

Shares of PureTech Health plc (LON:PRTC) shot up 14.2% during trading on Saturday . The stock traded as high as GBX 123.80 ($1.67) and last traded at GBX 121.50 ($1.64). 9,013,305 shares traded hands during mid-day trading, an increase of 1,053% from the average session volume of 781,543 shares. The stock had previously closed at GBX 106.40 ($1.43).

PureTech Health Stock Up 14.2%

The company has a market cap of £293.65 million, a PE ratio of 714.71 and a beta of 1.02. The company’s 50 day moving average is GBX 129.46 and its 200 day moving average is GBX 129.72. The company has a current ratio of 3.68, a quick ratio of 2.51 and a debt-to-equity ratio of 45.82.

Insider Buying and Selling

In related news, insider Bharatt Chowrira purchased 167,739 shares of PureTech Health stock in a transaction that occurred on Thursday, July 3rd. The shares were bought at an average price of GBX 1 per share, with a total value of £1,677.39. 13.13% of the stock is owned by corporate insiders.

PureTech Health Company Profile

PureTech Health plc, a clinical-stage biopharma company, focuses on developing medicines for diseases caused by dysfunctions in the nervous, gastrointestinal, and immune systems. The company is developing a microbiome immune system drug-discovery platform and drug candidates for immune-mediated diseases; and products to induce weight loss and enhance glycaemic control through an orally administered capsule.