MAST Energy Developments (LON:MAST) Trading Down 13.8% - Should You Sell?

Key Points

• MAST Energy Developments PLC shares fell by 13.8% to a trading low of GBX 57.66 ($0.77), marking a significant decline in share price after closing at GBX 71.90 ($0.96).
• The company reported a high debt-to-equity ratio of 154.78 and a price-to-earnings ratio of -6,600.00, indicating potential financial instability.
• Insider Paul Venter acquired 1,926,000 shares at GBX 4 ($0.05) per share, which reflects the confidence of corporate insiders in the company amidst the stock's downturn.

MAST Energy Developments PLC (LON:MAST - ) shares traded down 13.8% during trading on Thursday . The company traded as low as GBX 57.66 ($0.77) and last traded at GBX 62 ($0.83). 329,076 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 475,497 shares. The stock had previously closed at GBX 71.90 ($0.96).

MAST Energy Developments Stock Performance

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 company has a market cap of £281.39 million, a price-to-earnings ratio of -6,600.00 and a beta of -0.58. The firm has a 50 day simple moving average of GBX 27.64 and a 200-day simple moving average of GBX 9.68.

Insider Buying and Selling at MAST Energy Developments

In other MAST Energy Developments news, insider Paul Venter acquired 1,926,000 shares of the business's stock in a transaction that occurred on Friday, July 11th. The stock was purchased at an average cost of GBX 4 ($0.05) per share, with a total value of £77,040 ($102,912.10). Corporate 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.

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