EARNZ (LON:EARN) Trading Up 10.6% – Still a Buy?

Shares of EARNZ plc (LON:EARN) were up 10.6% during mid-day trading on Monday . The stock traded as high as GBX 5.42 ($0.07) and last traded at GBX 5.42 ($0.07). Approximately 302,291 shares traded hands during trading, a decline of 38% from the average daily volume of 489,108 shares. The stock had previously closed at GBX 4.90 ($0.07).

EARNZ Price Performance

The company has a market capitalization of £6.51 million, a PE ratio of -11,782.61 and a beta of 1.17. The company’s fifty day moving average is GBX 4.86 and its 200-day moving average is GBX 4.48.

EARNZ (LON:EARN) last issued its quarterly earnings data on Friday, June 27th. The company reported GBX (0.05) earnings per share (EPS) for the quarter. EARNZ had a negative net margin of 466.55% and a negative return on equity of 116.64%.

Insider Transactions at EARNZ

In other news, insider Bob Holt purchased 2,500,000 shares of the business’s stock in a transaction on Monday, July 14th. The shares were acquired at an average cost of GBX 6 per share, with a total value of £150,000. Insiders have acquired 2,718,770 shares of company stock valued at $15,915,636 over the last 90 days. 28.25% of the stock is currently owned by insiders.

EARNZ Company Profile

EARNZ plc does not have significant operations. Previously it was engaged in the manufactures and commercializes solar technology. It focuses to seek acquisition targets in the energy services sector. The company was formerly known as Verditek PLC and changed its name to EARNZ plc in March 2024. EARNZ plc was incorporated in 2016 and is based in London, the United Kingdom.