GS Chain (LON:GSC) Shares Down 9.1% – Here’s What Happened

GS Chain plc (LON:GSC) shares fell 9.1% during mid-day trading on Friday . The company traded as low as GBX 0.50 and last traded at GBX 0.50. 200,000 shares were traded during trading, a decline of 77% from the average session volume of 873,116 shares. The stock had previously closed at GBX 0.55.

GS Chain Stock Down 9.1%

The stock has a market capitalization of £2.00 million and a P/E ratio of -10.00. The company has a 50-day moving average price of GBX 0.43 and a two-hundred day moving average price of GBX 0.37.

GS Chain (LON:GSC) last released its quarterly earnings data on Friday, October 31st. The company reported GBX (0.05) EPS for the quarter.

Insider Buying and Selling

In other news, insider Sébastien Dominique André Guerin sold 59,500,000 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of GBX 1, for a total value of £595,000. Also, insider Leon Filipovic sold 60,000,000 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of GBX 1, for a total transaction of £600,000. 28.98% of the stock is currently owned by company insiders.

About GS Chain

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.