GS Chain (LON:GSC) Shares Down 7.7% – Here’s Why

GS Chain plc (LON:GSC) dropped 7.7% on Thursday . The stock traded as low as GBX 1.20 ($0.02) and last traded at GBX 1.20 ($0.02). Approximately 200,000 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 1,599,305 shares. The stock had previously closed at GBX 1.30 ($0.02).

GS Chain Stock Down 7.7 %

The firm has a market capitalization of £5.20 million and a price-to-earnings ratio of -7.56. The business has a 50-day moving average of GBX 1.40 and a two-hundred day moving average of GBX 1.09.

GS Chain Company Profile

GS Chain Plc (LSE: GSC) seeks to identify an opportunity within the technology sector, conduct the necessary due diligence and subsequently complete an acquisition that would benefit its shareholders.

While the Board of Directors’ experience spans across a wide range of business sectors, the board will focus its energy in the technology space; specifically targeting a company that leverages state of the art technology in automotive, fintech, real estate, banking, finance, telecommunications, or blockchain industries.