Anglo-Eastern Plantations (LON:AEP) Hits New 52-Week High - Time to Buy?

Key Points

• Anglo-Eastern Plantations reached a new 52-week high of GBX 1,260 ($16.99) during trading, reflecting a 1.6% increase from its previous close of GBX 1,240 ($16.72).
• The company has a market cap of £629.94 million, with a PE ratio of 9.75 and a low debt-to-equity ratio of 0.18, indicating solid financial health.
• Insider activity shows that 70.46% of the stock is currently owned by insiders, who have recently purchased a total of 2,000 shares valued at $2,355,000 over the last quarter.

Anglo-Eastern Plantations Plc (LON:AEP - ) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 1,260 ($16.99) and last traded at GBX 1,260 ($16.99), with a volume of 243962 shares trading hands. The stock had previously closed at GBX 1,240 ($16.72).

Anglo-Eastern Plantations Stock Up 1.6%

The company's 50 day moving average price is GBX 950.65 and its two-hundred day moving average price is GBX 808.60. The firm has a market cap of £629.94 million, a PE ratio of 9.75 and a beta of 0.50. The company has a current ratio of 6.64, a quick ratio of 5.67 and a debt-to-equity ratio of 0.18.

Insider Activity at Anglo-Eastern Plantations

In related news, insider Marcus Chan bought 1,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average price of GBX 1,140 per share, with a total value of £11,400. Insiders have acquired a total of 2,000 shares of company stock valued at $2,355,000 over the last quarter. 70.46% of the stock is currently owned by insiders.

About Anglo-Eastern Plantations

Anglo-Eastern Plantations Plc, together with its subsidiaries, owns, operates, and develops agriculture plantations in Indonesia and Malaysia. The company primarily produces crude palm oil, palm kernels, shell nuts, fresh fruit bunches, biomass, and biogas products, as well as rubber slabs. It also operates biogas plants that generates and sells surplus electricity to the national grid.

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