Amphion Innovations (LON:AMP) Shares Climb 15.8% on Insider Buying Activity

by · The Cerbat Gem

Shares of Amphion Innovations Plc (LON:AMP – Get Free Report) shot up 15.8% during mid-day trading on Friday after an insider bought additional shares in the company. The company traded as high as GBX 2.20 and last traded at GBX 2.20. 2,792,003 shares were traded during trading, an increase of 267% from the average daily volume of 760,143 shares. The stock had previously closed at GBX 1.90.

Specifically, insider Duncan Black acquired 750,000 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were bought at an average price of GBX 2 per share, for a total transaction of £15,000.

Amphion Innovations Trading Up 15.8%

The company’s 50-day moving average price is GBX 2.48 and its 200 day moving average price is GBX 2.67. The stock has a market cap of £15.95 million and a PE ratio of -1.10. The company has a debt-to-equity ratio of 28.24, a quick ratio of 0.56 and a current ratio of 1.09.

Amphion Innovations (LON:AMP – Get Free Report) last issued its quarterly earnings data on Wednesday, September 23rd. The company reported GBX (1) EPS for the quarter.

About Amphion Innovations

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Ampeak Energy is a global developer, owner and operator of sustainable energy projects. Ampeak Energy owns the world’s flagship tidal stream project, MeyGen. Ampeak Energy is also the owner of the Uskmouth Power Station site that is being repurposed into a sustainable energy park, initially housing one of the UK’s largest battery energy storage projects. https://www.ampeak.energy

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