MAST Energy Developments (LON:MAST) Shares Up 11% - Should You Buy?

Key Points

• MAST Energy Developments PLC shares rose by 11% during trading, reaching highs of GBX 74 ($0.99), significantly up from the previous close of GBX 65.33 ($0.88).
• Trading volume increased to 1,105,013 shares, marking a 126% increase from its average session volume.
• Insider Paul Venter purchased 1,926,000 shares at GBX 4 ($0.05), demonstrating substantial insider confidence in the company.

MAST Energy Developments PLC (LON:MAST - Get Free Report)'s stock price shot up 11% during trading on Monday . The company traded as high as GBX 74 ($1.00) and last traded at GBX 72.50 ($0.98). 1,105,013 shares changed hands during trading, an increase of 126% from the average session volume of 488,172 shares. The stock had previously closed at GBX 65.33 ($0.88).

MAST Energy Developments Trading Up 5.3%

The company has a debt-to-equity ratio of 154.78, a quick ratio of 0.30 and a current ratio of 0.15. The stock has a market capitalization of £341.08 million, a P/E ratio of -8,000.00 and a beta of -0.58. The firm's fifty day simple moving average is GBX 35.97 and its 200 day simple moving average is GBX 12.58.

Insider Buying and Selling

In other MAST Energy Developments news, insider Paul Venter bought 1,926,000 shares of the business's stock in a transaction that occurred on Friday, July 11th. The shares were acquired at an average cost of GBX 4 ($0.05) per share, for a total transaction of £77,040 ($104,234.88). 27.65% of the stock is currently owned by corporate 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.