Primorus Investments (LON:PRIM) Trading Down 12.5% – Here’s Why

Primorus Investments plc (LON:PRIMGet Free Report) was down 12.5% during trading on Wednesday . The stock traded as low as GBX 3.50 ($0.05) and last traded at GBX 3.50 ($0.05). Approximately 11,799 shares were traded during trading, a decline of 96% from the average daily volume of 308,969 shares. The stock had previously closed at GBX 4 ($0.05).

Primorus Investments Price Performance

The business’s 50-day simple moving average is GBX 3.52 and its two-hundred day simple moving average is GBX 3.47. The stock has a market cap of £5.59 million, a P/E ratio of 400.00 and a beta of 0.96. The company has a quick ratio of 4.72, a current ratio of 27.10 and a debt-to-equity ratio of 1.29.

Insider Buying and Selling

In related news, insider Rupert Labrum acquired 400,000 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was bought at an average cost of GBX 3 ($0.04) per share, with a total value of £12,000 ($15,442.03). 46.61% of the stock is currently owned by insiders.

Primorus Investments Company Profile

(Get Free Report)

Primorus Investments plc is a private equity firm specializing in buyout investments in small and mid cap firms. The firm focuses to invest in financial services, natural resources, energy, clean technology, financial technology, business technology, infrastructure, property, consultancy, brand licensing and leisure sectors.

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