GS Chain (LON:GSC) Stock Price Down 12.8% – Time to Sell?

Shares of GS Chain plc (LON:GSC) dropped 12.8% on Wednesday . The stock traded as low as GBX 1.09 ($0.01) and last traded at GBX 1.09 ($0.01). Approximately 35,000 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 1,953,808 shares. The stock had previously closed at GBX 1.25 ($0.02).

GS Chain Price Performance

The firm has a market capitalization of £4.81 million and a PE ratio of -6.99. The business’s 50 day moving average is GBX 1.39 and its two-hundred day moving average is GBX 1.10.

GS Chain Company Profile

GS Chain Plc (LSE: GSC) seeks to identify an opportunity within the technology sector, conduct the necessary due diligence and subsequently complete an acquisition that would benefit its shareholders.

While the Board of Directors’ experience spans across a wide range of business sectors, the board will focus its energy in the technology space; specifically targeting a company that leverages state of the art technology in automotive, fintech, real estate, banking, finance, telecommunications, or blockchain industries.