GSTechnologies (LON:GST) Shares Down 3.7% – Here’s What Happened

Shares of GSTechnologies Ltd. (LON:GST) traded down 3.7% during trading on Thursday . The stock traded as low as GBX 1.25 ($0.02) and last traded at GBX 1.30 ($0.02). 19,891,701 shares changed hands during trading, a decline of 6% from the average session volume of 21,132,475 shares. The stock had previously closed at GBX 1.35 ($0.02).

GSTechnologies Stock Performance

The company has a market cap of £33.55 million, a PE ratio of -24.24 and a beta of 0.70. The company has a current ratio of 3.18, a quick ratio of 4.31 and a debt-to-equity ratio of 3.37. The business’s 50 day moving average is GBX 1.26 and its two-hundred day moving average is GBX 1.64.

Insider Activity

In related news, insider Tone Kay Kim Goh acquired 200,000 shares of the business’s stock in a transaction on Wednesday, May 21st. The stock was acquired at an average cost of GBX 1 ($0.01) per share, with a total value of £2,000 ($2,744.61). Also, insider Lord James Christopher Douglas Wellesley sold 2,000,000 shares of the business’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 transaction of £20,000 ($27,446.14). Insiders have acquired 2,919,495 shares of company stock worth $2,919,495 over the last ninety days. Corporate 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.