MAST Energy Developments (LON:MAST) Shares Down 10.9% – What’s Next?

MAST Energy Developments PLC (LON:MAST)’s stock price dropped 10.9% on Wednesday . The company traded as low as GBX 116 ($1.55) and last traded at GBX 126.50 ($1.69). Approximately 2,215,379 shares changed hands during mid-day trading, an increase of 270% from the average daily volume of 598,562 shares. The stock had previously closed at GBX 142 ($1.90).

MAST Energy Developments Trading Up 6.3%

The business’s 50 day moving average price is GBX 109.51 and its two-hundred day moving average price is GBX 39.80. The company has a debt-to-equity ratio of 154.78, a quick ratio of 0.30 and a current ratio of 0.15. The company has a market capitalization of £15.05 million, a price-to-earnings ratio of -750.29 and a beta of -0.58.

MAST Energy Developments (LON:MAST) last released its earnings results on Thursday, August 28th. The company reported GBX (6.40) earnings per share for the quarter.

Insider Buying and Selling

In other MAST Energy Developments news, insider Paul Venter purchased 1,926,000 shares of the company’s stock in a transaction on Friday, July 11th. The shares were purchased at an average cost of GBX 4 per share, for a total transaction of £77,040. Company insiders own 45.90% of the company’s stock.

About MAST Energy Developments

Mast Energy Developments PLC engages in the development and operation of flexible power plants for the generation and sale of electricity in the UK.