CyanConnode Holdings plc (LON:CYAN – Get Free Report) shares traded up 11% on Thursday following insider buying activity. The company traded as high as GBX 10.38 ($0.14) and last traded at GBX 10.38 ($0.14). 2,420,609 shares were traded during trading, an increase of 293% from the average session volume of 615,495 shares. The stock had previously closed at GBX 9.35 ($0.13).
Specifically, insider John Cronin purchased 315,689 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was acquired at an average cost of GBX 950 ($12.72) per share, for a total transaction of £2,999,045.50 ($4,015,861.68).
CyanConnode Stock Performance
The company has a market cap of £39.80 million, a PE ratio of -1,145.00 and a beta of 1.60. The company has a quick ratio of 2.18, a current ratio of 1.50 and a debt-to-equity ratio of 3.53. The business’s fifty day moving average is GBX 8.28 and its 200-day moving average is GBX 8.33.
About CyanConnode
CyanConnode Holdings plc engages in the design, development, and sale of narrowband radio frequency (RF) mesh and cellular networks that enable Omni Internet of Things (IoT) communications in the United Kingdom, India, Thailand, rest of Europe, the United Arab Emirates, and internationally. It offers wireless communication technology for smart electricity, gas, and water metering; lighting control; and IoT.
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