Aminex (LON:AEX) Stock Price Up 9.9% - Time to Buy?

Key Points

• Up 9.9% — Aminex shares jumped to GBX 2.34 (intraday high GBX 2.40) with volume about 7.56 million shares, a ~101% increase versus the average daily volume.
• The stock trades above its 50‑day (GBX 2.25) and 200‑day (GBX 1.93) simple moving averages but has a negative PE (-18.92) and a market cap of £101.5 million, signaling the company is not currently profitable.
• Insider activity — Director Tom Mackay sold 1,528,947 shares at GBX 2 on April 28, and corporate insiders collectively own 5.89% of the company.

Aminex PLC (LON:AEX - ) rose 9.9% on Friday . The company traded as high as GBX 2.40 and last traded at GBX 2.34. Approximately 7,562,010 shares traded hands during mid-day trading, an increase of 101% from the average daily volume of 3,753,060 shares. The stock had previously closed at GBX 2.13.

Aminex Price Performance

The stock has a 50 day simple moving average of GBX 2.25 and a two-hundred day simple moving average of GBX 1.93. The company has a market cap of £101.50 million, a PE ratio of -18.92 and a beta of -0.03.

Insiders Place Their Bets

In other Aminex news, insider Tom Mackay sold 1,528,947 shares of the business's stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of GBX 2, for a total value of £30,578.94. Corporate insiders own 5.89% of the company's stock.

Aminex Company Profile

Aminex PLC, together with its subsidiaries, engages in the exploration, appraisal, development, and production of oil and gas assets, reserves, and resources. The company operates through Producing Oil and Gas Properties, Exploration Activities, and Oilfield Services segments. Its properties include the Kiliwani South, Ruvuma PSA, and Nyuni Area PSA exploration licenses located primarily in Tanzania. Aminex PLC was incorporated in 1979 and is based in Dublin, Ireland.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.