Aminex (LON:AEX) Stock Price Up 9.9% – Time to Buy?

Aminex PLC (LON:AEX)’s stock price shot up 9.9% during mid-day trading on Friday . The stock traded as high as GBX 2.40 and last traded at GBX 2.34. 7,562,010 shares traded hands during mid-day trading, an increase of 101% from the average session volume of 3,753,060 shares. The stock had previously closed at GBX 2.13.

Aminex Price Performance

The company has a 50-day simple moving average of GBX 2.25 and a 200-day simple moving average of GBX 1.93. The stock has a market cap of £101.50 million, a PE ratio of -18.92 and a beta of -0.03.

Insider Transactions at Aminex

In other Aminex news, insider Tom Mackay sold 1,528,947 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of GBX 2, for a total value of £30,578.94. Insiders own 5.89% of the company’s stock.

Aminex Company Profile

Aminex PLC, together with its subsidiaries, engages in the exploration, appraisal, development, and production of oil and gas assets, reserves, and resources. The company operates through Producing Oil and Gas Properties, Exploration Activities, and Oilfield Services segments. Its properties include the Kiliwani South, Ruvuma PSA, and Nyuni Area PSA exploration licenses located primarily in Tanzania. Aminex PLC was incorporated in 1979 and is based in Dublin, Ireland.