Primorus Investments (LON:PRIM) Trading Up 9.8% – Here’s Why

Primorus Investments plc (LON:PRIM)’s share price rose 9.8% during trading on Wednesday . The stock traded as high as GBX 4.50 ($0.06) and last traded at GBX 4.50 ($0.06). Approximately 1,002 shares were traded during trading, a decline of 100% from the average daily volume of 295,712 shares. The stock had previously closed at GBX 4.10 ($0.05).

Primorus Investments Stock Performance

The stock’s fifty day moving average price is GBX 3.75 and its 200 day moving average price is GBX 3.45. The stock has a market cap of £5.73 million, a P/E ratio of 410.00 and a beta of 0.96. The company has a current ratio of 27.10, a quick ratio of 4.72 and a debt-to-equity ratio of 1.29.

Insider Buying and Selling

In other news, insider Rupert Labrum acquired 400,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average cost of GBX 3 ($0.04) per share, for a total transaction of £12,000 ($15,298.32). 46.61% of the stock is currently owned by insiders.

Primorus Investments Company Profile

Primorus Investments plc is a private equity firm specializing in buyout investments in small and mid cap firms. The firm focuses to invest in financial services, natural resources, energy, clean technology, financial technology, business technology, infrastructure, property, consultancy, brand licensing and leisure sectors.