GSTechnologies (LON:GST) Stock Price Down 9.2% – Here’s What Happened

GSTechnologies Ltd. (LON:GST) dropped 9.2% on Wednesday . The stock traded as low as GBX 2.90 ($0.04) and last traded at GBX 3 ($0.04). Approximately 50,815,648 shares changed hands during trading, a decline of 35% from the average daily volume of 77,758,672 shares. The stock had previously closed at GBX 3.30 ($0.04).

GSTechnologies Price Performance

The firm has a 50 day moving average price of GBX 1.72 and a 200 day moving average price of GBX 1.05. The stock has a market cap of £58.80 million, a P/E ratio of -3.35 and a beta of 0.70. The company has a quick ratio of 4.31, a current ratio of 3.18 and a debt-to-equity ratio of 3.39.

Insiders Place Their Bets

In other GSTechnologies news, insider Lord James Christopher Douglas Wellesley purchased 335,000 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was acquired at an average price of GBX 1 ($0.01) per share, for a total transaction of £3,350 ($4,122.06). 20.29% of the stock is owned by company insiders.

GSTechnologies Company Profile

GSTechnologies is a global technology company listed on the Main Market of the London Stock Exchange under the ticker, GST. The group operates three core businesses across blockchain payments and financial services, forex, as well as cryptoasset exchange. The group has operations in the UK, Lithuania, Singapore, and Australia.