Nanoco Group (LON:NANO) Trading 12.6% Higher – Here’s Why

Nanoco Group plc (LON:NANO) shares traded up 12.6% on Wednesday . The company traded as high as GBX 14.40 ($0.18) and last traded at GBX 14.30 ($0.18). 1,133,329 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 1,610,013 shares. The stock had previously closed at GBX 12.70 ($0.16).

Nanoco Group Price Performance

The company has a debt-to-equity ratio of 36.93, a current ratio of 4.82 and a quick ratio of 3.57. The firm has a market cap of £26.20 million, a price-to-earnings ratio of 317.50 and a beta of 0.67. The stock’s fifty day moving average price is GBX 12.60 and its 200-day moving average price is GBX 13.84.

Insider Buying and Selling

In related news, insider Dmitry Shashkov bought 405,212 shares of Nanoco Group stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average price of GBX 1,400 ($17.80) per share, with a total value of £5,672,968 ($7,212,011.19). 50.28% of the stock is currently owned by corporate insiders.

Nanoco Group Company Profile

Nanoco Group plc, together with its subsidiaries, engages in the research, development, manufacture, and licensing of novel nanomaterials for use in various commercial applications. The company offers CFQD quantum dots consisting of fluorescent semiconductor nanoparticles for OLED and µLED colour conversion, QD-EL, and security tagging applications; and HEATWAVE quantum dots for use in biometric facial recognition, optical diagnostics, LiDAR, and night vision applications in the sensor industry.