Aminex (LON:AEX) Trading Down 41.2% – What’s Next?

Aminex PLC (LON:AEX) dropped 41.2% during mid-day trading on Tuesday . The company traded as low as GBX 1.10 and last traded at GBX 1.44. Approximately 67,477,805 shares were traded during mid-day trading, an increase of 1,521% from the average daily volume of 4,163,895 shares. The stock had previously closed at GBX 2.45.

Aminex Stock Performance

The firm’s fifty day simple moving average is GBX 2.46 and its 200 day simple moving average is GBX 2.24. The firm has a market cap of £62.65 million, a P/E ratio of -11.67 and a beta of -0.03.

Insider Activity at Aminex

In other news, insider Charles Santos sold 5,000,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of GBX 2, for a total transaction of £100,000. Also, insider Tom Mackay sold 1,528,947 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of GBX 2, for a total value of £30,578.94. Insiders have sold a total of 7,654,988 shares of company stock valued at $15,309,976 in the last 90 days. 5.82% of the stock is currently owned by company insiders.

Aminex Company Profile

Aminex PLC, together with its subsidiaries, engages in the exploration, appraisal, development, and production of oil and gas assets, reserves, and resources. The company operates through Producing Oil and Gas Properties, Exploration Activities, and Oilfield Services segments. Its properties include the Kiliwani South, Ruvuma PSA, and Nyuni Area PSA exploration licenses located primarily in Tanzania. Aminex PLC was incorporated in 1979 and is based in Dublin, Ireland.