Bezant Resources (LON:BZT) Shares Up 31.3% – Here’s Why

Bezant Resources Plc (LON:BZTGet Free Report) traded up 31.3% on Wednesday . The stock traded as high as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). 100,885,727 shares traded hands during mid-day trading, an increase of 110% from the average session volume of 48,141,758 shares. The stock had previously closed at GBX 0.03 ($0.00).

Bezant Resources Stock Performance

The company has a debt-to-equity ratio of 10.79, a current ratio of 0.20 and a quick ratio of 0.42. The firm has a fifty day moving average price of GBX 0.03 and a two-hundred day moving average price of GBX 0.02. The stock has a market capitalization of £3.92 million, a PE ratio of -0.70 and a beta of 1.14.

Insider Buying and Selling

In other news, insider Colin Bird acquired 15,000,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average price of GBX 3 ($0.04) per share, with a total value of £450,000 ($587,620.79). 18.25% of the stock is owned by insiders.

About Bezant Resources

(Get Free Report)

Bezant Resources Plc engages in the exploration, evaluation, and development of mineral resources. It explores for gold, silver, manganese, copper, and other minerals in the United Kingdom, Argentina, Namibia, and Botswana. The company was formerly known as Tanzania Gold Plc and changed its name to Bezant Resources Plc in July 2007.

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