MAST Energy Developments (LON:MAST) Stock Price Down 8.1% - What's Next?

Key Points

• MAST Energy Developments' stock price fell by 8.1%, closing around GBX 144.35 ($1.95) after trading as low as GBX 139.58 ($1.88).
• The company has a market capitalization of £602.41 million and a significant debt-to-equity ratio of 154.78.
• Insider Paul Venter purchased 1,926,000 shares at GBX 4 per share, indicating confidence from management with corporate insiders owning 27.65% of the company's stock.

Shares of MAST Energy Developments PLC (LON:MAST - ) dropped 8.1% during mid-day trading on Wednesday . The company traded as low as GBX 139.58 ($1.88) and last traded at GBX 144.35 ($1.95). Approximately 364,802 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 482,686 shares. The stock had previously closed at GBX 157 ($2.12).

MAST Energy Developments Price Performance

The firm has a market cap of £602.41 million, a PE ratio of -14,129.50 and a beta of -0.58. The stock has a 50 day simple moving average of GBX 55.76 and a two-hundred day simple moving average of GBX 19.58. The company has a debt-to-equity ratio of 154.78, a quick ratio of 0.30 and a current ratio of 0.15.

Insider Buying and Selling

In other news, insider Paul Venter acquired 1,926,000 shares of the company's stock in a transaction dated Friday, July 11th. The shares were acquired at an average price of GBX 4 per share, with a total value of £77,040. Corporate insiders own 27.65% of the company's stock.

About MAST Energy Developments

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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