Bay Capital Plc (LON:BAY – Get Free Report) shares shot up 8% on Monday. The company traded as high as GBX 14.90 and last traded at GBX 13.50. Approximately 250,440 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 458,032 shares. The stock had previously closed at GBX 12.50.
Bay Capital Price Performance
The stock’s 50 day simple moving average is GBX 12.83 and its two-hundred day simple moving average is GBX 9.36. The firm has a market cap of £10.28 million, a P/E ratio of -31.91 and a beta of -0.64.
Insider Buying and Selling at Bay Capital
In related news, insider David Jeffreys Williams purchased 1,800,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average price of GBX 10 per share, for a total transaction of £180,000. 25.35% of the stock is owned by insiders.
About Bay Capital
Bay Capital Plc (LSE: BAY) was established in order to undertake one or more investment or acquisition opportunities of businesses operating within the UK or internationally where the Directors believe there to be opportunities for the creation of shareholder value across certain sectors of focus including industrials, construction and business services, and software and technology companies which service those industry verticals.
Bay Capital Plc is led by Peter Tom CBE as Chairman and David Williams as Director.
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