Mobile Tornado Group (LON:MBT) Shares Up 11.1% – Here’s What Happened

Mobile Tornado Group plc (LON:MBT)’s share price was up 11.1% on Monday . The company traded as high as GBX 1.72 ($0.02) and last traded at GBX 1.72 ($0.02). Approximately 9,326 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 322,913 shares. The stock had previously closed at GBX 1.55 ($0.02).

Mobile Tornado Group Stock Performance

The firm’s 50-day simple moving average is GBX 1.32 and its 200-day simple moving average is GBX 1.58. The company has a market capitalization of £6.68 million, a price-to-earnings ratio of -10.50 and a beta of 1.73.

Insider Activity at Mobile Tornado Group

In other news, insider Luke Wilkinson bought 680,000 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was acquired at an average cost of GBX 1 ($0.01) per share, for a total transaction of £6,800 ($8,750.48). Corporate insiders own 70.63% of the company’s stock.

Mobile Tornado Group Company Profile

Mobile Tornado Group plc provides instant communication mobile applications in the United Kingdom and internationally. The company offers Push-to-Talk solution (PTT) that provides one-to-one calls or broadcast to a large group with a single push of a button; and PTT Mobile Device Management provides secure communications, and prevents end-users from changing device configuration, or change device settings.