Atome (LON:ATOM) Trading 11.1% Higher – Here’s What Happened

Atome Plc (LON:ATOM) shares rose 11.1% during trading on Thursday . The company traded as high as GBX 36 and last traded at GBX 35. Approximately 1,615,196 shares were traded during mid-day trading, an increase of 336% from the average daily volume of 370,150 shares. The stock had previously closed at GBX 31.50.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered their target price on Atome from GBX 140 to GBX 115 and set a “speculative buy” rating for the company in a research note on Friday, May 22nd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 122.50.

Atome Stock Up 11.1%

The company has a quick ratio of 5.80, a current ratio of 0.22 and a debt-to-equity ratio of 46.56. The company has a fifty day simple moving average of GBX 64.66 and a 200 day simple moving average of GBX 58.63. The firm has a market capitalization of £33.58 million, a P/E ratio of -2.32 and a beta of 0.49.

Insiders Place Their Bets

In related news, insider Robert Anthony Sheffrin bought 57,482 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were acquired at an average cost of GBX 60 per share, with a total value of £34,489.20. Also, insider Nikita Petrovich Levine bought 246,914 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was bought at an average cost of GBX 60 per share, for a total transaction of £148,148.40. In the last ninety days, insiders purchased 5,480,563 shares of company stock valued at $328,833,780. Company insiders own 26.21% of the company’s stock.

About Atome

ATOME PLC is the first green fertiliser production company listed on the UK market with large-scale production planned in Paraguay and Costa Rica, targeting the fast-growing global demand for green products.