Directa Plus (LON:DCTA) Trading Up 22.9% – Time to Buy?

Directa Plus Plc (LON:DCTA) shares were up 22.9% during mid-day trading on Tuesday . The stock traded as high as GBX 22 and last traded at GBX 22. Approximately 367,515 shares were traded during trading, an increase of 54% from the average daily volume of 239,175 shares. The stock had previously closed at GBX 17.90.

Directa Plus Price Performance

The company’s 50-day moving average is GBX 10.11 and its two-hundred day moving average is GBX 9.71. The company has a debt-to-equity ratio of 58.64, a current ratio of 1.50 and a quick ratio of 4.88. The firm has a market cap of £22.96 million, a P/E ratio of -5.50 and a beta of 0.74.

About Directa Plus

Directa Plus has a unique and patented, chemical-free production process of pristine graphene nanoplatelets (GNPs), tailored to our partners’ and customers’ requirements. The manufacturing model is flexible and scalable. We have a pioneering vision of the applications of G+® Graphene Plus in different industrial sectors. The markets where G+® is already at a commercial stage are: textile, environment, composites, elastomers and tires, battery and paints.

Directa Plus launched the Graphehe Factory in 2010, an industrial plant able to produce up to 30 tonnes of different grades of G+® depending on the market’s needs.