GSTechnologies (LON:GST) Stock Price Down 9.2% - Here's What Happened

GSTechnologies Ltd. (LON:GST - Get Free Report)'s share price traded down 9.2% during trading on Wednesday . The stock traded as low as GBX 2.90 ($0.04) and last traded at GBX 3 ($0.04). 50,815,648 shares were traded during trading, a decline of 35% from the average session volume of 77,758,672 shares. The stock had previously closed at GBX 3.30 ($0.04).

GSTechnologies Stock Performance

The firm has a market cap of £60.26 million, a price-to-earnings ratio of -3.35 and a beta of 0.70. The stock's fifty day moving average is GBX 1.63 and its two-hundred day moving average is GBX 1.02. The company has a debt-to-equity ratio of 3.39, a quick ratio of 4.31 and a current ratio of 3.18.

Insider Buying and Selling at GSTechnologies

In related news, insider Lord James Christopher Douglas Wellesley acquired 335,000 shares of GSTechnologies stock in a transaction that occurred on Thursday, October 31st. The stock was acquired at an average price of GBX 1 ($0.01) per share, with a total value of £3,350 ($4,140.91). 20.29% of the stock is owned by company insiders.

About GSTechnologies

GSTechnologies is a global technology company listed on the Main Market of the London Stock Exchange under the ticker, GST. The group operates three core businesses across blockchain payments and financial services, forex, as well as cryptoasset exchange. The group has operations in the UK, Lithuania, Singapore, and Australia.