GSTechnologies (LON:GST) Trading Down 23.4% – Here’s What Happened

GSTechnologies Ltd. (LON:GST)’s share price fell 23.4% during trading on Tuesday . The stock traded as low as GBX 1.87 ($0.02) and last traded at GBX 2.10 ($0.03). 63,346,535 shares traded hands during trading, an increase of 10% from the average session volume of 57,507,391 shares. The stock had previously closed at GBX 2.74 ($0.03).

GSTechnologies Stock Performance

The company has a market capitalization of £42.34 million, a PE ratio of -3.35 and a beta of 0.70. The firm has a 50-day moving average of GBX 1.78 and a two-hundred day moving average of GBX 1.08. The company has a quick ratio of 4.31, a current ratio of 3.18 and a debt-to-equity ratio of 3.39.

Insider Activity

In other GSTechnologies news, insider Lord James Christopher Douglas Wellesley purchased 335,000 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average price of GBX 1 ($0.01) per share, for a total transaction of £3,350 ($4,099.36). Insiders own 20.29% of the company’s stock.

GSTechnologies Company Profile

GSTechnologies is a global technology company listed on the Main Market of the London Stock Exchange under the ticker, GST. The group operates three core businesses across blockchain payments and financial services, forex, as well as cryptoasset exchange. The group has operations in the UK, Lithuania, Singapore, and Australia.