Falanx Group Ltd (LON:FLX)’s share price traded down 5.9% during mid-day trading on Friday . The company traded as low as GBX 1.53 ($0.02) and last traded at GBX 1.60 ($0.02), 275,361 shares were traded during mid-day trading. A decline of 78% from the average session volume of 1,280,000 shares. The stock had previously closed at GBX 1.70 ($0.02).
The business’s 50 day moving average price is GBX 1.80 and its 200-day moving average price is GBX 2.29. The firm has a market capitalization of $4.19 million and a PE ratio of -1.45.
In related news, insider Mike Read purchased 114,000 shares of Falanx Group stock in a transaction dated Friday, May 31st. The shares were acquired at an average cost of GBX 2 ($0.03) per share, with a total value of £2,280 ($2,979.22).
Falanx Group Limited, through its subsidiaries, provides cyber defense and intelligence services to blue chip and government clients worldwide. It operates through Falanx Cyber Defence and Falanx Intelligence divisions. The Falanx Cyber Defence division provides cloud-based cyber defense services to government and commercial organizations.
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