Augmentum Fintech (LON:AUGM) Trading Down 2% – Here’s Why

Augmentum Fintech (LON:AUGM) shares dropped 2% during mid-day trading on Monday . The company traded as low as GBX 100.02 ($1.22) and last traded at GBX 100.50 ($1.23). Approximately 164,467 shares changed hands during trading, a decline of 49% from the average daily volume of 322,077 shares. The stock had previously closed at GBX 102.50 ($1.25).

Augmentum Fintech Stock Down 2.0 %

The firm has a 50 day moving average price of GBX 102.56 and a 200 day moving average price of GBX 105.42. The stock has a market cap of £171.45 million and a PE ratio of 3,350.00.

Insider Activity

In other news, insider William Reeve bought 100,000 shares of the stock in a transaction on Monday, December 2nd. The stock was bought at an average cost of GBX 99 ($1.21) per share, for a total transaction of £99,000 ($121,145.37). Company insiders own 5.47% of the company’s stock.

Augmentum Fintech Company Profile

Augmentum invests in fast growing fintech businesses that are disrupting the financial services sector.

Europe’s leading publicly listed fintech fund, Augmentum launched on the main market of the London Stock Exchange in 2018, giving businesses access to patient capital and support, unrestricted by conventional fund timelines and giving public markets investors access to a largely privately held investment sector during its main period of growth.

Their portfolio of 24 fintech companies includes Tide, Zopa, Onfido, Grover and Cushon.