Itaconix plc (LON:ITX – Get Free Report) shot up 1.7% during mid-day trading on Wednesday . The stock traded as high as GBX 120 and last traded at GBX 120. 68 shares traded hands during trading, a decline of 100% from the average session volume of 20,953 shares. The stock had previously closed at GBX 118.
Itaconix Trading Up 1.7%
The business’s 50 day simple moving average is GBX 115.44 and its 200 day simple moving average is GBX 117.33. The stock has a market cap of £16.18 million, a price-to-earnings ratio of -11.11 and a beta of 1.74. The company has a quick ratio of 0.52, a current ratio of 6.34 and a debt-to-equity ratio of 20.71.
Insider Transactions at Itaconix
In other news, insider Peter Nieuwenhuizen bought 8,000 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The stock was acquired at an average cost of GBX 110 per share, for a total transaction of £8,800. Company insiders own 77.46% of the company’s stock.
About Itaconix
Itaconix uses its proprietary plant-based polymer technology platform to produce and sell specialty ingredients that improve the safety, performance, and sustainability of consumer products. The Company’s current ingredients are enabling and leading new generations of products in detergents, hygiene, and hair care. Itaconix’s contributions to the global low carbon economy are recognised by the London Stock Exchange’s Green Economy Mark.
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