Pensana (LON:PRE) Stock Price Down 4% - Time to Sell?

Key Points

• Pensana Plc's stock price decreased by 4% on Monday, trading at GBX 66.80 ($0.89) after reaching a low of GBX 65.21 ($0.87).
• The company's market cap stands at £251.34 million, with a price-to-earnings ratio of -51.13, indicating potential financial concerns.
• Insider Robert Kaplan sold 120,000 shares at an average price of GBX 35 ($0.47) as insiders own 38.68% of the company's stock.

Pensana Plc (LON:PRE - Get Free Report) fell 4% on Monday . The stock traded as low as GBX 65.21 ($0.88) and last traded at GBX 66.80 ($0.90). 621,574 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 975,928 shares. The stock had previously closed at GBX 69.60 ($0.94).

Pensana Trading Up 10.8%

The company has a debt-to-equity ratio of 21.17, a quick ratio of 1.03 and a current ratio of 0.15. The company has a market capitalization of £273.52 million, a price-to-earnings ratio of -55.64 and a beta of 0.68. The firm has a fifty day moving average price of GBX 65.28 and a 200-day moving average price of GBX 40.90.

Insider Buying and Selling

In other news, insider Robert Kaplan sold 100,000 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of GBX 39 ($0.52), for a total transaction of £39,000 ($52,447.55). 38.68% of the stock is currently owned by corporate insiders.

About Pensana

Building the world's first sustainable magnet metal supply chain to meet the burgeoning demand from EVs and Offshore Wind