Primorus Investments (LON:PRIM) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Primorus Investments plc (LON:PRIM) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 3.62 ($0.05) and traded as low as GBX 3.27 ($0.04). Primorus Investments shares last traded at GBX 4 ($0.05), with a volume of 276,823 shares.

Primorus Investments Stock Performance

The firm has a market cap of £4.50 million, a P/E ratio of 4.85 and a beta of 0.96. The firm has a fifty day moving average of GBX 3.62 and a 200-day moving average of GBX 3.60.

Insider Buying and Selling

In other Primorus Investments news, insider Hedley Clark bought 100,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were purchased at an average price of GBX 4 ($0.05) per share, with a total value of £4,000 ($5,154.64). Company insiders own 46.61% of the company’s stock.

About Primorus Investments

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.