Taptica International (LON:TAP) Trading Down 11.9% – Here’s What Happened

Shares of Taptica International Ltd (LON:TAP) dropped 11.9% on Friday . The stock traded as low as GBX 1.81 and last traded at GBX 2.07. Approximately 4,460,287 shares traded hands during mid-day trading, an increase of 120% from the average daily volume of 2,031,428 shares. The stock had previously closed at GBX 2.35.

Taptica International Trading Down 11.9%

The stock has a market cap of £15.39 million and a price-to-earnings ratio of -79.01. The company’s fifty day moving average price is GBX 2.22. The company has a debt-to-equity ratio of 10.20, a current ratio of 2.06 and a quick ratio of 2.03.

Taptica International (LON:TAP) last issued its quarterly earnings data on Friday, January 2nd. The company reported GBX 0.01 earnings per share for the quarter.

Insider Activity

In other Taptica International news, insider Manuel De Luque Muntaner acquired 600,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The stock was purchased at an average cost of GBX 3 per share, for a total transaction of £18,000.

Taptica International Company Profile

Tap Global Group Plc bridges the gap between traditional finance and blockchain technology. It offers over 390,000 individual and business customers an innovative and fully integrated fiat payments and cryptocurrency settlement service including access to several major cryptocurrency exchanges. Through the Tap app, customers can trade over 50 cryptocurrencies and store them directly in their customer wallet, while benefiting from proprietary AI middleware for real-time best-execution and pricing.

Tap Group’s European business, Tap Global Limited, was the first cryptocurrency FinTech company to be approved by Mastercard in Europe.