Pensana (LON:PRE) Trading Down 15% – Here’s Why

Pensana Plc (LON:PRE)’s share price fell 15% during mid-day trading on Wednesday . The stock traded as low as GBX 29.10 ($0.38) and last traded at GBX 29.40 ($0.38). 7,600,220 shares changed hands during trading, an increase of 655% from the average session volume of 1,006,917 shares. The stock had previously closed at GBX 34.60 ($0.45).

Pensana Price Performance

The firm’s 50-day moving average is GBX 23.68 and its two-hundred day moving average is GBX 23.18. The company has a market cap of £110.89 million, a P/E ratio of -22.56 and a beta of 0.68. The company has a debt-to-equity ratio of 21.17, a current ratio of 0.15 and a quick ratio of 1.03.

Insider Buying and Selling

In other Pensana news, insider Paul Campbell Atherley purchased 10,000 shares of Pensana stock in a transaction that occurred on Thursday, January 23rd. The shares were bought at an average price of GBX 29 ($0.38) per share, for a total transaction of £2,900 ($3,770.15). Also, insider Robert Kaplan purchased 400,000 shares of Pensana stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average price of GBX 22 ($0.29) per share, for a total transaction of £88,000 ($114,404.58). 38.68% of the stock is currently owned by company insiders.

About Pensana

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