Shares of Steppe Cement Ltd. (LON:STCM – Get Free Report) rose 14% during mid-day trading on Wednesday . The stock traded as high as GBX 25 and last traded at GBX 24.50. Approximately 488,784 shares changed hands during trading, an increase of 495% from the average session volume of 82,183 shares. The stock had previously closed at GBX 21.50.
Steppe Cement Stock Up 14.0%
The stock has a 50 day simple moving average of GBX 21.47 and a 200-day simple moving average of GBX 20.49. The firm has a market cap of £53.66 million, a PE ratio of 16.23 and a beta of 0.71. The company has a debt-to-equity ratio of 4.55, a current ratio of 2.12 and a quick ratio of 1.63.
Insider Transactions at Steppe Cement
In other news, insider Javier del Ser Perez acquired 122,000 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The stock was bought at an average cost of GBX 22 per share, for a total transaction of £26,840. Company insiders own 9.42% of the company’s stock.
Steppe Cement Company Profile
Steppe Cement Ltd., an investment holding company, engages in the production and sale of cement and clinkers in Kazakhstan. It also provides consultancy services; and transmission and distribution of electricity. The company was incorporated in 2004 and is based in Kuala Lumpur, Malaysia.
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