Artisanal Spirits (LON:ART) Shares Up 1.3% – Here’s Why

The Artisanal Spirits Company plc (LON:ART) shares shot up 1.3% during mid-day trading on Wednesday . The stock traded as high as GBX 40 ($0.50) and last traded at GBX 38 ($0.48). 57,967 shares traded hands during trading, an increase of 89% from the average session volume of 30,656 shares. The stock had previously closed at GBX 37.50 ($0.47).

Artisanal Spirits Stock Down 1.3 %

The company has a quick ratio of 1.16, a current ratio of 8.32 and a debt-to-equity ratio of 214.23. The firm’s 50-day moving average price is GBX 40.35 and its 200 day moving average price is GBX 41.43. The firm has a market cap of £26.81 million, a P/E ratio of -760.00 and a beta of -0.11.

Insiders Place Their Bets

In related news, insider Billy McCarter bought 5,263 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average price of GBX 38 ($0.48) per share, for a total transaction of £1,999.94 ($2,513.43). 66.82% of the stock is owned by insiders.

Artisanal Spirits Company Profile

The Artisanal Spirits Company plc curates and sells premium single cask scotch malt whisky and other spirits to its members in the United Kingdom and internationally. The company creates small batches of blended malt whiskies, grain whiskies, rum, and gin under the J.G. Thomson brand. It sells its products online under The Scotch Malt Whisky Society brand name.