GSTechnologies (LON:GST) Stock Price Up 13.2% – Still a Buy?

GSTechnologies Ltd. (LON:GST)’s share price shot up 13.2% during mid-day trading on Thursday . The company traded as high as GBX 2.40 ($0.03) and last traded at GBX 2.23 ($0.03). 74,420,227 shares changed hands during trading, an increase of 11% from the average session volume of 66,775,359 shares. The stock had previously closed at GBX 1.97 ($0.02).

GSTechnologies Stock Down 5.5 %

The firm has a market cap of £42.83 million, a PE ratio of -3.35 and a beta of 0.70. The business has a 50-day moving average price of GBX 1.86 and a two-hundred day moving average price of GBX 1.12. The company has a quick ratio of 4.31, a current ratio of 3.18 and a debt-to-equity ratio of 3.39.

Insiders Place Their Bets

In other GSTechnologies news, insider Lord James Christopher Douglas Wellesley bought 335,000 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were acquired at an average cost of GBX 1 ($0.01) per share, with a total value of £3,350 ($4,075.92). 20.29% of the stock is owned by corporate insiders.

About GSTechnologies

GSTechnologies is a global technology company listed on the Main Market of the London Stock Exchange under the ticker, GST. The group operates three core businesses across blockchain payments and financial services, forex, as well as cryptoasset exchange. The group has operations in the UK, Lithuania, Singapore, and Australia.