SigmaRoc (LON:SRC) Trading Up 0.6% – Time to Buy?

SigmaRoc plc (LON:SRC) shot up 0.6% during trading on Thursday . The company traded as high as GBX 73.80 ($0.90) and last traded at GBX 72.70 ($0.89). 361,440 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 1,600,338 shares. The stock had previously closed at GBX 72.30 ($0.88).

SigmaRoc Price Performance

The firm has a fifty day moving average price of GBX 75.52 and a two-hundred day moving average price of GBX 71.38. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 93.89. The stock has a market capitalization of £801.42 million, a P/E ratio of -7,220.00 and a beta of 1.72.

Insider Buying and Selling at SigmaRoc

In other SigmaRoc news, insider David Barrett bought 85,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were acquired at an average cost of GBX 71 ($0.87) per share, for a total transaction of £60,350 ($73,687.42). 21.82% of the stock is owned by company insiders.

About SigmaRoc

SigmaRoc is an AIM-quoted lime and limestone group targeting quarried materials assets in the UK and Northern Europe. It seeks to create value by purchasing assets in fragmented materials markets and extracting efficiencies through active management and by forming the assets into larger groups. It seeks to de-risk its investments through the selection of projects with strong asset-backing.