Metalnrg (LON:AMG) Shares Up 9.6% on Insider Buying Activity

Metalnrg (LON:AMG) rose 9.6% on Friday after an insider bought additional shares in the company. The company traded as high as GBX 8 and last traded at GBX 7.95. Approximately 1,122,345 shares changed hands during trading, an increase of 47% from the average daily volume of 762,085 shares. The stock had previously closed at GBX 7.25.

Specifically, insider Christian Schaffalitzky bought 138,000 shares of the stock in a transaction on Wednesday, March 18th. The stock was acquired at an average price of GBX 8 per share, with a total value of £11,040. Also, insider Christopher Latilla-Campbell bought 135,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was purchased at an average price of GBX 1 per share, with a total value of £1,350. In other news, insider Christopher Latilla-Campbell purchased 142,000 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average cost of GBX 7 per share, with a total value of £9,940.

Metalnrg Trading Up 13.5%

The business’s fifty day moving average is GBX 9.89. The firm has a market cap of £2.51 million and a price-to-earnings ratio of -0.38.

Metalnrg Company Profile

The company creates shareholder value through indirect and direct investments targeting outright acquisitions, majority stakes, or minority interests.