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MAST Energy Developments (LON:MAST) Trading Up 23.8% on Insider Buying Activity

MAST Energy Developments logo with Utilities background

MAST Energy Developments PLC (LON:MAST - Get Free Report) shares were up 23.8% on Wednesday after an insider bought additional shares in the company. The company traded as high as GBX 61.65 ($0.83) and last traded at GBX 58.80 ($0.79). Approximately 477,584 shares were traded during mid-day trading, an increase of 0% from the average daily volume of 476,719 shares. The stock had previously closed at GBX 47.50 ($0.64).

Specifically, insider Paul Venter purchased 1,926,000 shares of the business's stock in a transaction that occurred on Friday, July 11th. The stock was bought at an average price of GBX 4 ($0.05) per share, with a total value of £77,040 ($103,146.34).

MAST Energy Developments Stock Performance

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 firm's 50 day simple moving average is GBX 2.93 and its 200-day simple moving average is GBX 1.15. The company has a market cap of £249.84 million, a price-to-earnings ratio of -5,860.00 and a beta of -0.58.

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

About MAST Energy Developments

(Get Free Report)

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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