Mincon Group (LON:MCON) Trading Up 2.4% – What’s Next?

Shares of Mincon Group plc (LON:MCON) shot up 2.4% on Wednesday . The company traded as high as GBX 59.40 and last traded at GBX 59.40. 5,043 shares were traded during mid-day trading, a decline of 85% from the average session volume of 34,472 shares. The stock had previously closed at GBX 58.

Mincon Group Stock Performance

The company has a debt-to-equity ratio of 22.51, a quick ratio of 1.07 and a current ratio of 3.32. The stock’s fifty day moving average is GBX 55.49 and its two-hundred day moving average is GBX 47.55. The firm has a market cap of £126.21 million, a price-to-earnings ratio of 23.67 and a beta of 0.25.

Mincon Group Company Profile

Mincon Group plc engages in the design, manufacture, sale, and servicing of rock drilling tools and associated products in Ireland, the Americas, Australasia, Europe, the Middle East, and Africa. The company offers drill rigs and mast attachments for excavators and skid steers; down the hole (DTH) hammers; DTH drill bits for various rock-drilling applications; rotary drill bits; and construction and geotechnical solutions, including foundation drilling, pipe pile-walls, fore poling, well drilling, and anchoring.