Conygar Investment (LON:CIC) Stock Price Passes Below 200 Day Moving Average – Here’s Why

The Conygar Investment Company PLC (LON:CIC) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 42.17 ($0.56) and traded as low as GBX 30.50 ($0.40). Conygar Investment shares last traded at GBX 31 ($0.41), with a volume of 35,017 shares trading hands.

Conygar Investment Stock Down 1.9%

The firm has a market capitalization of £18.36 million, a price-to-earnings ratio of -0.59 and a beta of 0.51. The company has a current ratio of 0.38, a quick ratio of 11.14 and a debt-to-equity ratio of 90.96. The firm has a 50 day moving average price of GBX 31.32 and a two-hundred day moving average price of GBX 42.17.

Insider Activity

In related news, insider Robert T. E. Ware purchased 439,000 shares of Conygar Investment stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average cost of GBX 32 ($0.42) per share, with a total value of £140,480 ($186,362.43). Corporate insiders own 22.98% of the company’s stock.

About Conygar Investment

The Conygar Investment Company PLC ("the Company") is incorporated in the United Kingdom and domiciled in England and Wales, is registered at Companies House under registration number 04907617, listed on the AIM market of the London Stock Exchange and limited by shares. The financial information set out in this report covers the six months to 31 March 2023, with comparative amounts shown for the six months to 31 March 2022 and the year to 30 September 2022, and includes the results and net assets of the Company and its subsidiaries, together referred to as the Group.