Aterian (LON:ATN) Stock Price Up 3.8% – Here’s Why

Aterian plc (LON:ATN)’s stock price traded up 3.8% during mid-day trading on Tuesday . The company traded as high as GBX 55 ($0.70) and last traded at GBX 54.50 ($0.70). 50,000 shares traded hands during trading, an increase of 108% from the average session volume of 24,052 shares. The stock had previously closed at GBX 52.50 ($0.67).

Aterian Price Performance

The stock has a 50 day simple moving average of GBX 51.79 and a 200-day simple moving average of GBX 51.86. The firm has a market cap of £6.13 million, a PE ratio of -750.00 and a beta of -0.10.

Insider Activity

In other Aterian news, insider Charles Grant Bray acquired 29,000 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were acquired at an average cost of GBX 50 ($0.64) per share, with a total value of £14,500 ($18,497.26). Corporate insiders own 70.06% of the company’s stock.

About Aterian

Aterian plc engages in the exploration and development of mineral properties in Africa. The company primarily explores for tin, tungsten, copper, silver, and tantalum. It holds 100% interest in the AGDZ Copper-Silver project covering and area of 762 kilometer square located in Morocco; and the Kuaka JV The Musasa project located in Rwanda.