GSTechnologies (LON:GST) Trading Down 6.3% – Here’s What Happened

GSTechnologies Ltd. (LON:GST)’s share price fell 6.3% during trading on Wednesday . The company traded as low as GBX 1.20 ($0.02) and last traded at GBX 1.22 ($0.02). 10,239,128 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 21,062,301 shares. The stock had previously closed at GBX 1.30 ($0.02).

GSTechnologies Stock Performance

The company has a quick ratio of 4.31, a current ratio of 3.18 and a debt-to-equity ratio of 3.37. The company has a market capitalization of £32.80 million, a PE ratio of -23.69 and a beta of 0.70. The business has a 50 day simple moving average of GBX 1.27 and a 200 day simple moving average of GBX 1.64.

Insider Activity

In related news, insider Lord James Christopher Douglas Wellesley sold 2,000,000 shares of the company’s stock in a transaction on Friday, April 25th. The stock was sold at an average price of GBX 1 ($0.01), for a total value of £20,000 ($26,932.40). Also, insider Tone Kay Kim Goh bought 200,000 shares of GSTechnologies stock in a transaction that occurred on Wednesday, May 21st. The stock was purchased at an average price of GBX 1 ($0.01) per share, with a total value of £2,000 ($2,693.24). Insiders have purchased a total of 2,919,495 shares of company stock worth $2,919,495 over the last 90 days. 20.29% of the stock is currently owned by corporate insiders.

About GSTechnologies

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.