MAST Energy Developments (LON:MAST) Reaches New 52-Week High - Still a 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)'s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 89.94 ($1.19) and last traded at GBX 74 ($0.98), with a volume of 860666 shares changing hands. The stock had previously closed at GBX 79 ($1.05).

MAST Energy Developments Price Performance

The firm has a market cap of £315.50 million, a price-to-earnings ratio of -7,400.00 and a beta of -0.58. The company has a current ratio of 0.15, a quick ratio of 0.30 and a debt-to-equity ratio of 154.78. The company's 50-day moving average is GBX 20.20 and its 200-day moving average is GBX 7.10.

MAST Energy Developments (LON:MAST - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported GBX (0.32) ($0.00) earnings per share (EPS) for the quarter.

Insider Buying and Selling

In related news, insider Paul Venter purchased 1,926,000 shares of the stock in a transaction dated Friday, July 11th. The stock was bought at an average cost of GBX 4 ($0.05) per share, for a total transaction of £77,040 ($102,147.97). 27.65% of the stock is currently owned by insiders.

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.

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