GS Chain (LON:GSC) Stock Price Down 12.8% – Here’s Why

Shares of GS Chain plc (LON:GSC) fell 12.8% on Wednesday . The stock traded as low as GBX 1.09 ($0.01) and last traded at GBX 1.09 ($0.01). 35,000 shares changed hands during trading, a decline of 98% from the average session volume of 1,953,808 shares. The stock had previously closed at GBX 1.25 ($0.02).

GS Chain Stock Performance

The firm has a 50-day moving average of GBX 1.39 and a 200-day moving average of GBX 1.10. The firm has a market capitalization of £4.81 million and a P/E ratio of -6.99.

GS Chain Company Profile

GS Chain Plc (LSE: GSC) seeks to identify an opportunity within the technology sector, conduct the necessary due diligence and subsequently complete an acquisition that would benefit its shareholders.

While the Board of Directors’ experience spans across a wide range of business sectors, the board will focus its energy in the technology space; specifically targeting a company that leverages state of the art technology in automotive, fintech, real estate, banking, finance, telecommunications, or blockchain industries.