Atome (LON:ATOM) Trading 11.1% Higher – Here’s What Happened

Atome Plc (LON:ATOM)’s share price traded up 11.1% during trading on Thursday . The stock traded as high as GBX 36 and last traded at GBX 35. 1,615,196 shares changed hands during trading, an increase of 336% from the average session volume of 370,150 shares. The stock had previously closed at GBX 31.50.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their price objective on Atome from GBX 140 to GBX 115 and set a “speculative buy” rating on the stock in a research report on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Atome has an average rating of “Buy” and a consensus price target of GBX 122.50.

Atome Trading Up 11.1%

The company has a current ratio of 0.22, a quick ratio of 5.80 and a debt-to-equity ratio of 46.56. The firm has a fifty day simple moving average of GBX 64.66 and a two-hundred day simple moving average of GBX 58.63. The firm has a market cap of £33.58 million, a PE ratio of -2.32 and a beta of 0.49.

Insiders Place Their Bets

In other Atome news, insider James E. C. Spalding (Hellmers) acquired 198,347 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of GBX 60 per share, for a total transaction of £119,008.20. Also, insider Robert Anthony Sheffrin acquired 57,482 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of GBX 60 per share, with a total value of £34,489.20. In the last quarter, insiders have bought 5,480,563 shares of company stock worth $328,833,780. Insiders own 26.21% of the company’s stock.

About Atome

ATOME PLC is the first green fertiliser production company listed on the UK market with large-scale production planned in Paraguay and Costa Rica, targeting the fast-growing global demand for green products.