GSTechnologies (LON:GST) Trading Up 11.4% – Here’s Why

GSTechnologies Ltd. (LON:GST) shares were up 11.4% during mid-day trading on Wednesday . The company traded as high as GBX 2.20 ($0.03) and last traded at GBX 2.20 ($0.03). Approximately 43,110,004 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 61,375,215 shares. The stock had previously closed at GBX 1.98 ($0.02).

GSTechnologies Trading Up 1.2 %

The business’s fifty day simple moving average is GBX 1.94 and its two-hundred day simple moving average is GBX 1.15. The company has a quick ratio of 4.31, a current ratio of 3.18 and a debt-to-equity ratio of 3.39. The company has a market cap of £41.37 million, a price-to-earnings ratio of -3.35 and a beta of 0.70.

Insider Activity at GSTechnologies

In other GSTechnologies news, insider Lord James Christopher Douglas Wellesley acquired 335,000 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were bought at an average cost of GBX 1 ($0.01) per share, for a total transaction of £3,350 ($4,182.79). 20.29% of the stock is owned by corporate insiders.

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.