MAST Energy Developments (LON:MAST) Reaches New 52-Week High - Should You Buy?

Key Points

• MAST Energy Developments PLC reached a new 52-week high of GBX 89.94 during trading, closing at GBX 74, with a trading volume of 860,666 shares.
• The company has a market cap of £315.50 million and reported a price-to-earnings ratio of -7,400.00, indicating significant financial challenges.
• Insider Paul Venter purchased 1,926,000 shares at GBX 4 each, demonstrating confidence in the company’s prospects, as insiders currently own 27.65% of the stock.

MAST Energy Developments PLC (LON:MAST - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 89.94 ($1.19) and last traded at GBX 74 ($0.98), with a volume of 860666 shares trading hands. The stock had previously closed at GBX 79 ($1.05).

MAST Energy Developments Price Performance

The stock's 50 day moving average price is GBX 23.28 and its two-hundred day moving average price is GBX 8.28. The company has a debt-to-equity ratio of 154.78, a current ratio of 0.15 and a quick ratio of 0.30. The firm has a market capitalization of £332.55 million, a price-to-earnings ratio of -7,800.00 and a beta of -0.58.

Insider Transactions at MAST Energy Developments

In other MAST Energy Developments news, insider Paul Venter purchased 1,926,000 shares of the stock in a transaction on Friday, July 11th. The shares were purchased at an average price of GBX 4 ($0.05) per share, with a total value of £77,040 ($102,297.17). Company insiders own 27.65% of the company's stock.

MAST Energy Developments Company Profile

Mast Energy Developments PLC engages in the development and operation of flexible power plants for the generation and sale of electricity in the UK.