MAST Energy Developments (LON:MAST) Shares Down 13.8% - Here's Why

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 - Get Free Report) fell 13.8% during mid-day trading on Thursday . The stock traded as low as GBX 57.66 ($0.78) 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 ($0.97).

MAST Energy Developments Stock Up 8.6%

The business's fifty day moving average price is GBX 30.21 and its 200 day moving average price is GBX 10.72. The company has a quick ratio of 0.30, a current ratio of 0.15 and a debt-to-equity ratio of 154.78. The firm has a market capitalization of £302.39 million, a PE ratio of -7,092.50 and a beta of -0.58.

Insider Buying and Selling at MAST Energy Developments

In other news, insider Paul Venter bought 1,926,000 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The shares were purchased at an average price of GBX 4 ($0.05) per share, for a total transaction of £77,040 ($103,576.23). 27.65% of the stock is currently owned by company insiders.

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.