Primorus Investments (LON:PRIM) Trading 8.3% Higher – Still a Buy?

Primorus Investments plc (LON:PRIM) shares traded up 8.3% during mid-day trading on Friday . The company traded as high as GBX 3.90 and last traded at GBX 3.90. Approximately 97 shares changed hands during trading, a decline of 100% from the average daily volume of 131,618 shares. The stock had previously closed at GBX 3.60.

Primorus Investments Stock Performance

The company has a 50-day moving average price of GBX 3.72 and a 200-day moving average price of GBX 3.84. The company has a market capitalization of £4.86 million, a price-to-earnings ratio of 5.79 and a beta of 0.39.

Primorus Investments (LON:PRIM) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 0.67 earnings per share (EPS) for the quarter. Primorus Investments had a negative net margin of 402.68% and a positive return on equity of 15.97%.

Insider Buying and Selling at Primorus Investments

In other news, insider Rupert Labrum sold 3,000,000 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of GBX 4, for a total value of £120,000. 47.63% of the stock is currently owned by corporate insiders.

Primorus Investments Company Profile

Primorus Investments plc is a private equity firm specializing in buyout investments in small and mid cap firms. The firm focuses to invest in financial services, natural resources, energy, clean technology, financial technology, business technology, infrastructure, property, consultancy, brand licensing and leisure sectors. The firm seeks to take majority stakes in its portfolio companies. Primorus Investments plc was incorporated in 1999 and is based in London, United Kingdom.