SigmaRoc (LON:SRC) Shares Up 0.6% - What's Behind the Rise?

SigmaRoc plc (LON:SRC) saw its stock increase by 0.6% on Thursday, climbing to a high of GBX 73.80 ($0.91) before settling at GBX 72.70 ($0.89). In total, about 361,440 shares were exchanged throughout the trading session, which is a significant decrease of 77% compared to the average daily volume of 1,600,338 shares. The previous day's closing price was GBX 72.30 ($0.89).

SigmaRoc Price Analysis

Looking at SigmaRoc's recent price trends, the company's 50-day simple moving average stands at GBX 75.52, while the two-hundred day simple moving average is GBX 71.38. The company's quick ratio is recorded at 0.88, and its current ratio is 1.08. However, it carries a debt-to-equity ratio of 93.89. With a market capitalization of approximately £806.97 million and a price-to-earnings (P/E) ratio of -7,270.00, SigmaRoc's stock is considered to have a beta of 1.72, indicating a higher volatility compared to the market.

Insider Transactions

In related news, insider David Barrett made headlines by purchasing 85,000 shares of SigmaRoc on December 18th. The shares were bought at an average price of GBX 71 ($0.87) each, culminating in a total expenditure of £60,350 ($74,258.64). Notably, company insiders currently own around 21.82% of the firm's total shares.

About SigmaRoc

SigmaRoc is a publicly traded company on the AIM that specializes in lime and limestone operations, primarily focusing on quarried material assets across the UK and Northern Europe. The company aims to create value by acquiring assets in fragmented materials markets, enhancing efficiencies through proactive management and merging these assets into larger group structures. Furthermore, SigmaRoc strategically minimizes investment risks by focusing on projects that have strong asset backing.

SigmaRoc, stocks, investment