Ajax Resources (LON:AJAX) Stock Price Up 10% – Here’s What Happened

Ajax Resources Plc (LON:AJAX) shares shot up 10% on Monday . The stock traded as high as GBX 3.30 ($0.04) and last traded at GBX 3.30 ($0.04). 108,644 shares were traded during trading, a decline of 87% from the average session volume of 857,339 shares. The stock had previously closed at GBX 3 ($0.04).

Ajax Resources Stock Performance

The company has a market capitalization of £1.40 million, a price-to-earnings ratio of -10.53 and a beta of 2.28. The stock’s fifty day simple moving average is GBX 2.99 and its 200-day simple moving average is GBX 2.98.

Ajax Resources (LON:AJAX) last posted its quarterly earnings data on Monday, November 25th. The company reported GBX (0.20) ($0.00) earnings per share for the quarter.

Insider Activity

In other news, insider Richard Heywood acquired 458,830 shares of the company’s stock in a transaction on Friday, December 20th. The shares were bought at an average cost of GBX 3 ($0.04) per share, with a total value of £13,764.90 ($17,320.88). Company insiders own 63.52% of the company’s stock.

Ajax Resources Company Profile

Ajax Resources Plc focuses on acquiring businesses, or production and development assets in the energy and natural resources sector. The company was incorporated in 2021 and is based in London, the United Kingdom.