Cloudbuy (LON:CBUY) Stock Price Up 50% – Time to Buy?

Cloudbuy PLC (LON:CBUY) shot up 50% during mid-day trading on Thursday . The company traded as high as GBX 0.15 ($0.00) and last traded at GBX 0.15 ($0.00). 2,759,306 shares traded hands during trading, a decline of 48% from the average session volume of 5,306,667 shares. The stock had previously closed at GBX 0.10 ($0.00).

Cloudbuy Price Performance

The stock has a market cap of £195,649.50 and a P/E ratio of -0.13. The stock’s 50 day simple moving average is GBX 0.15 and its two-hundred day simple moving average is GBX 0.15.

Cloudbuy Company Profile

cloudBuy plc, together with its subsidiaries, provides an integrated software platform for e-procurement and e-commerce in the United Kingdom. Its software platform enables the trading of goods and services between purchasers, such as public sector bodies and their suppliers; facilitates in the analysis and coding of spend and product data; and offers incorporation, company secretary, and annual returns filing services to new businesses.