Dekel Agri-Vision (LON:DKL) Stock Price Down 7.1% – Here’s What Happened

Dekel Agri-Vision plc (LON:DKL)’s stock price dropped 7.1% during mid-day trading on Thursday . The company traded as low as GBX 0.35 and last traded at GBX 0.40. Approximately 4,709,911 shares changed hands during trading, an increase of 395% from the average daily volume of 952,133 shares. The stock had previously closed at GBX 0.43.

Dekel Agri-Vision Stock Performance

The stock’s 50-day moving average is GBX 0.42 and its 200-day moving average is GBX 0.44. The company has a current ratio of 0.50, a quick ratio of 0.17 and a debt-to-equity ratio of 432.90. The stock has a market cap of £4.43 million, a price-to-earnings ratio of -0.37 and a beta of 0.97.

Insider Buying and Selling at Dekel Agri-Vision

In related news, insider Lincoln John Moore sold 18,181,818 shares of Dekel Agri-Vision stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of GBX 1, for a total transaction of £181,818.18. Also, insider Jonathan Johnson-Watts sold 30,909,090 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of GBX 1, for a total transaction of £309,090.90. Insiders sold 116,393,252 shares of company stock worth $116,393,252 over the last three months. 20.65% of the stock is currently owned by insiders.

Dekel Agri-Vision Company Profile

Dekel Agri-Vision plc, through its subsidiaries, develops and cultivates palm oil plantations in the Republic of Cote d’Ivoire. The company operates through Crude Palm Oil and Raw Cashew Nut segments. It produces and sells palm oil, palm kernel oil, and palm kernel cakes. The company was formerly known as DekelOil Public Limited and changed its name to Dekel Agri-Vision plc in November 2019. Dekel Agri-Vision plc was incorporated in 2007 and is based in Limassol, Cyprus.