Capital (LON:CAPD) Trading 11.6% Higher - Time to Buy?

Key Points

• Capital Limited's share price surged by 11.6%, reaching GBX 120 ($1.61) during mid-day trading, significantly higher than its previous close of GBX 107.50 ($1.44).
• The company experienced a dramatic increase in trading volume, with 2,426,357 shares exchanged, representing an 827% rise from the average session volume.
• Insider transactions included the sale of 250,000 shares by insider Brian Rudd at an average price of GBX 103, totaling £257,500, with insiders owning 30.59% of the company.

Capital Limited (LON:CAPD - )'s share price traded up 11.6% during mid-day trading on Thursday . The company traded as high as GBX 120 ($1.61) and last traded at GBX 120 ($1.61). 2,426,357 shares traded hands during mid-day trading, an increase of 827% from the average session volume of 261,619 shares. The stock had previously closed at GBX 107.50 ($1.44).

Capital Stock Performance

The company has a debt-to-equity ratio of 58.81, a current ratio of 1.98 and a quick ratio of 1.36. The stock has a 50-day simple moving average of GBX 96.21 and a 200-day simple moving average of GBX 82.89. The stock has a market cap of £245.25 million, a P/E ratio of 1,061.00, a PEG ratio of 0.64 and a beta of 0.60.

Insider Buying and Selling at Capital

In other news, insider Brian Rudd sold 250,000 shares of the business's stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of GBX 103, for a total transaction of £257,500. Company insiders own 30.59% of the company's stock.

About Capital

Capital Limited is a leading mining services company providing a complete range of drilling, mining, maintenance and geochemical laboratory solutions to customers within the global minerals industry. The Company's services include exploration, delineation and production drilling; load and haul services; maintenance; and geochemical analysis.

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