Canaccord Genuity Group initiated coverage on shares of Atome (LON:ATOM – Free Report) in a research report released on Monday, LSE.Co.UK reports. The firm issued a speculative buy rating and a GBX 130 ($1.62) price target on the stock.
Atome Price Performance
LON ATOM opened at GBX 63 ($0.78) on Monday. The company has a market capitalization of £28.30 million, a PE ratio of -469.23 and a beta of 0.13. Atome has a 12-month low of GBX 42.55 ($0.53) and a 12-month high of GBX 110 ($1.37). The firm’s 50 day moving average is GBX 54.62 and its 200-day moving average is GBX 68.43. The company has a quick ratio of 5.80, a current ratio of 5.41 and a debt-to-equity ratio of 10.68.
Insider Buying and Selling
In other news, insider Peter M. Levine bought 195,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were acquired at an average cost of GBX 50 ($0.62) per share, for a total transaction of £97,500 ($121,374.33). 59.10% of the stock is owned by corporate insiders.
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.
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