Aterian (LON:ATN) Sets New 1-Year Low – Should You Sell?

Aterian plc (LON:ATN)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 45 ($0.58) and last traded at GBX 53 ($0.69), with a volume of 49 shares changing hands. The stock had previously closed at GBX 49 ($0.64).

Aterian Price Performance

The firm has a market capitalization of £5.72 million, a PE ratio of -700.00 and a beta of -0.10. The company’s fifty day simple moving average is GBX 54.88 and its 200 day simple moving average is GBX 42.04.

Insider Activity at Aterian

In related news, insider Charles Grant Bray purchased 25,000 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were purchased at an average cost of GBX 50 ($0.65) per share, for a total transaction of £12,500 ($16,210.61). 70.06% of the stock is owned by company insiders.

Aterian Company Profile

Aterian plc engages in the exploration and development of mineral properties in Africa. The company primarily explores for tin, tungsten, copper, silver, and tantalum. It holds 100% interest in the AGDZ Copper-Silver project covering and area of 762 kilometer square located in Morocco; and the Kuaka JV The Musasa project located in Rwanda.