Aminex (LON:AEX) Stock Price Up 12% – Time to Buy?

Aminex PLC (LON:AEX)’s stock price was up 12% during mid-day trading on Monday . The company traded as high as GBX 1.40 and last traded at GBX 1.40. 2,404,216 shares traded hands during trading, a decline of 48% from the average daily volume of 4,634,354 shares. The stock had previously closed at GBX 1.25.

Aminex Stock Up 12.0%

The company has a fifty day moving average price of GBX 2.31 and a 200 day moving average price of GBX 2.22. The stock has a market cap of £62.65 million, a PE ratio of -11.67 and a beta of -0.03.

Insider Activity at Aminex

In other Aminex news, insider Charles Santos sold 5,000,000 shares of the business’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 value of £100,000. Also, insider Tom Mackay sold 1,528,947 shares of the business’s 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. Over the last 90 days, insiders have sold 7,654,988 shares of company stock worth $15,309,976. 5.82% of the stock is owned by corporate insiders.

About Aminex

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.