genedrive (LON:GDR) Shares Up 13.9% – Here’s Why

genedrive plc (LON:GDR) shares shot up 13.9% on Wednesday . The company traded as high as GBX 2.13 ($0.03) and last traded at GBX 2.05 ($0.03). 12,457,688 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 13,938,082 shares. The stock had previously closed at GBX 1.80 ($0.02).

genedrive Trading Down 9.1 %

The company has a debt-to-equity ratio of 8.57, a quick ratio of 5.52 and a current ratio of 1.63. The company’s 50-day moving average price is GBX 2.48 and its 200-day moving average price is GBX 2.98. The firm has a market capitalization of £13.95 million, a PE ratio of -64.43 and a beta of -0.04.

Insider Buying and Selling at genedrive

In other genedrive news, insider Ian David Gilham acquired 1,000,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average cost of GBX 3 ($0.04) per share, with a total value of £30,000 ($39,261.88). 14.75% of the stock is owned by insiders.

genedrive Company Profile

genedrive plc, a molecular diagnostics company, engages in developing and commercializing point of need diagnostics platform for infectious diseases, genotyping, pathogen detection, and other indications. The company provides Genedrive system, a rapid thermocycler and signal detection system and semi- automated system used forqualitative in vitro molecular diagnostic tests; and Genedrive CYP2C19 ID Kit, a point-of-care test for rapid CYP2C19 genotyping in time-critical emergency care settings.