genedrive (LON:GDR) Shares Up 4.3% – Time to Buy?

genedrive plc (LON:GDR)’s stock price rose 4.3% during mid-day trading on Wednesday . The stock traded as high as GBX 2.40 ($0.03) and last traded at GBX 2.40 ($0.03). Approximately 1,421,360 shares traded hands during trading, a decline of 90% from the average daily volume of 14,291,111 shares. The stock had previously closed at GBX 2.30 ($0.03).

genedrive Price Performance

The firm has a 50 day moving average of GBX 2.26 and a 200-day moving average of GBX 2.74. The company has a current ratio of 1.63, a quick ratio of 5.52 and a debt-to-equity ratio of 8.57. The company has a market cap of £12.85 million, a P/E ratio of -60.00 and a beta of -0.04.

Insider Buying and Selling at genedrive

In related news, insider Ian David Gilham bought 1,000,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average price of GBX 3 ($0.04) per share, with a total value of £30,000 ($38,905.46). Insiders own 14.75% of the company’s stock.

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.