Nanoco Group (LON:NANO) Shares Up 12.6% – Here’s Why

Nanoco Group plc (LON:NANO)’s share price was up 12.6% during mid-day trading on Wednesday . The company traded as high as GBX 14.40 ($0.18) and last traded at GBX 14.30 ($0.18). Approximately 1,133,329 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 1,610,013 shares. The stock had previously closed at GBX 12.70 ($0.16).

Nanoco Group Stock Up 1.3 %

The firm has a market cap of £25.61 million, a P/E ratio of 349.50 and a beta of 0.67. The firm’s 50-day moving average price is GBX 12.66 and its 200 day moving average price is GBX 13.78. The company has a debt-to-equity ratio of 36.93, a current ratio of 4.82 and a quick ratio of 3.57.

Insider Buying and Selling at Nanoco Group

In other Nanoco Group news, insider Dmitry Shashkov bought 405,212 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were bought at an average cost of GBX 1,400 ($17.50) per share, with a total value of £5,672,968 ($7,090,323.71). 50.28% of the stock is currently owned by insiders.

Nanoco Group Company Profile

Nanoco Group plc, together with its subsidiaries, engages in the research, development, manufacture, and licensing of novel nanomaterials for use in various commercial applications. The company offers CFQD quantum dots consisting of fluorescent semiconductor nanoparticles for OLED and µLED colour conversion, QD-EL, and security tagging applications; and HEATWAVE quantum dots for use in biometric facial recognition, optical diagnostics, LiDAR, and night vision applications in the sensor industry.