Bisichi (LON:BISI) Shares Down 8.3% – Time to Sell?

Shares of Bisichi PLC (LON:BISI) were down 8.3% during mid-day trading on Wednesday . The stock traded as low as GBX 87.34 ($1.13) and last traded at GBX 94 ($1.21). Approximately 29,786 shares traded hands during mid-day trading, an increase of 493% from the average daily volume of 5,020 shares. The stock had previously closed at GBX 102.50 ($1.32).

Bisichi Stock Down 1.9 %

The company has a quick ratio of 1.03, a current ratio of 0.59 and a debt-to-equity ratio of 19.85. The company has a fifty day moving average price of GBX 104.68 and a 200-day moving average price of GBX 107.37. The stock has a market capitalization of £9.79 million, a P/E ratio of 3.83 and a beta of -0.10.

Bisichi Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 7th. Stockholders of record on Thursday, January 9th were issued a GBX 3 ($0.04) dividend. The ex-dividend date was Thursday, January 9th. This represents a dividend yield of 2.61%. Bisichi’s dividend payout ratio (DPR) is 29.39%.

About Bisichi

Bisichi PLC engages in the coal mining and processing activities in South Africa. The company owns an interest in the Black Wattle Colliery, a coal mining and washing operation located in Mpumulanga, South Africa. It is also involved in the retail property investment and residential property development activities in the United Kingdom, as well as share dealing business.