GS Chain (LON:GSC) Stock Price Down 17.5% – What’s Next?

by · The Cerbat Gem

Shares of GS Chain plc (LON:GSC – Get Free Report) traded down 17.5% on Wednesday . The stock traded as low as GBX 0.33 and last traded at GBX 0.33. 3,700,000 shares changed hands during mid-day trading, an increase of 340% from the average session volume of 840,601 shares. The stock had previously closed at GBX 0.40.

GS Chain Trading Down 17.5%

The firm has a market cap of £1.32 million and a P/E ratio of -6.60. The business has a 50-day moving average price of GBX 0.46 and a 200-day moving average price of GBX 0.38.

GS Chain (LON:GSC – Get Free Report) last released its quarterly earnings data on Friday, October 31st. The company reported GBX (0.05) earnings per share for the quarter.

Insider Activity

In related news, insider Leon Filipovic sold 60,000,000 shares of GS Chain stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of GBX 1, for a total transaction of £600,000. Also, insider Sébastien Dominique André Guerin sold 59,500,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of GBX 1, for a total transaction of £595,000. Insiders own 28.98% of the company’s stock.

About GS Chain

(Get Free Report)

GS Chain Plc (LSE: GSC) seeks to identify an opportunity within the technology sector, conduct the necessary due diligence and subsequently complete an acquisition that would benefit its shareholders.

While the Board of Directors’ experience spans across a wide range of business sectors, the board will focus its energy in the technology space; specifically targeting a company that leverages state of the art technology in automotive, fintech, real estate, banking, finance, telecommunications, or blockchain industries.

Featured Articles