Minoan Group (LON:MIN) Stock Price Down 8% – Here’s Why

Shares of Minoan Group Plc (LON:MINGet Free Report) dropped 8% during mid-day trading on Wednesday . The company traded as low as GBX 0.55 ($0.01) and last traded at GBX 0.58 ($0.01). Approximately 2,803,626 shares traded hands during trading, an increase of 47% from the average daily volume of 1,910,196 shares. The stock had previously closed at GBX 0.63 ($0.01).

Minoan Group Price Performance

The stock has a market capitalization of £5.87 million, a P/E ratio of -10.25 and a beta of 1.08. The business has a fifty day simple moving average of GBX 0.68 and a 200 day simple moving average of GBX 0.64. The company has a current ratio of 5.04, a quick ratio of 0.02 and a debt-to-equity ratio of 6.76.

Minoan Group Company Profile

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Minoan Group Plc, together with its subsidiaries, designs, creates, develops, and manages luxury hotels and resorts. The company was formerly known as Loyalward Group Plc and changed its name to Minoan Group Plc in June 2005. Minoan Group Plc was incorporated in 1999 and is based in Croydon, the United Kingdom.

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