Bezant Resources (LON:BZT) Shares Down 8.8% – Should You Sell?

Bezant Resources Plc (LON:BZT) shares were down 8.8% during trading on Thursday . The company traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 81,361,234 shares traded hands during trading, an increase of 66% from the average daily volume of 49,148,359 shares. The stock had previously closed at GBX 0.03 ($0.00).

Bezant Resources Stock Performance

The company has a current ratio of 0.20, a quick ratio of 0.42 and a debt-to-equity ratio of 10.79. The company has a market cap of £3.58 million, a price-to-earnings ratio of -0.70 and a beta of 1.14. The stock has a 50 day moving average price of GBX 0.03 and a two-hundred day moving average price of GBX 0.02.

Insider Activity at Bezant Resources

In related news, insider Colin Bird bought 15,000,000 shares of Bezant Resources stock in a transaction on Friday, August 16th. The shares were purchased at an average price of GBX 3 ($0.04) per share, for a total transaction of £450,000 ($587,620.79). 18.25% of the stock is currently owned by corporate insiders.

About Bezant Resources

Bezant Resources Plc engages in the exploration, evaluation, and development of mineral resources. It explores for gold, silver, manganese, copper, and other minerals in the United Kingdom, Argentina, Namibia, and Botswana. The company was formerly known as Tanzania Gold Plc and changed its name to Bezant Resources Plc in July 2007.