Dekel Agri-Vision (LON:DKL) Shares Cross Below 50-Day Moving Average – What’s Next?

Dekel Agri-Vision plc (LON:DKL)’s share price passed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 0.37 and traded as low as GBX 0.35. Dekel Agri-Vision shares last traded at GBX 0.35, with a volume of 56,092 shares.

Dekel Agri-Vision Stock Performance

The company has a debt-to-equity ratio of 455.30, a current ratio of 0.37 and a quick ratio of 0.17. The stock has a market cap of £4.24 million, a price-to-earnings ratio of -0.35 and a beta of 0.24. The firm has a fifty day moving average of GBX 0.37 and a 200 day moving average of GBX 0.38.

Insiders Place Their Bets

In other news, insider Aristide C. Achybrou purchased 60,000,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of GBX 1 per share, with a total value of £600,000. Also, insider Jonathan Johnson-Watts sold 60,000,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of GBX 1, for a total transaction of £600,000. 53.56% of the stock is owned by company insiders.

About Dekel Agri-Vision

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.