Bezant Resources (LON:BZT) Sets New 12-Month High – Time to Buy?

Shares of Bezant Resources Plc (LON:BZT) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00), with a volume of 66354391 shares trading hands. The stock had previously closed at GBX 0.03 ($0.00).

Bezant Resources Stock Performance

The firm has a market capitalization of £4.04 million, a PE ratio of -0.70 and a beta of 1.14. The firm has a 50 day simple moving average of GBX 0.03 and a 200 day simple moving average of GBX 0.02. The company has a current ratio of 0.20, a quick ratio of 0.42 and a debt-to-equity ratio of 10.79.

Insider Activity

In related news, insider Colin Bird purchased 15,000,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were purchased at an average price of GBX 3 ($0.04) per share, with a total value of £450,000 ($584,263.83). Corporate insiders own 18.25% of the company’s stock.

Bezant Resources Company Profile

Bezant Resources Plc engages in the exploration, evaluation, and development of mineral resources. It explores for gold, silver, manganese, copper, and other minerals in the United Kingdom, Argentina, Namibia, and Botswana. The company was formerly known as Tanzania Gold Plc and changed its name to Bezant Resources Plc in July 2007.