Metalnrg (LON:AMG) Trading 9.6% Higher on Insider Buying Activity

Shares of Metalnrg (LON:AMG) shot up 9.6% during mid-day trading on Friday following insider buying activity. The stock traded as high as GBX 8 and last traded at GBX 7.95. 1,122,345 shares traded hands during mid-day trading, an increase of 47% from the average session volume of 762,085 shares. The stock had previously closed at GBX 7.25.

Specifically, insider Christian Schaffalitzky purchased 138,000 shares of Metalnrg stock in a transaction dated Wednesday, March 18th. The stock was bought at an average cost of GBX 8 per share, for a total transaction of £11,040. Also, insider Christopher Latilla-Campbell purchased 135,000 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was purchased at an average price of GBX 1 per share, for a total transaction of £1,350. In other news, insider Christopher Latilla-Campbell acquired 142,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of GBX 7 per share, with a total value of £9,940.

Metalnrg Stock Performance

The stock has a market cap of £2.43 million and a price-to-earnings ratio of -0.36. The company’s 50-day simple moving average is GBX 9.93.

About Metalnrg

The company creates shareholder value through indirect and direct investments targeting outright acquisitions, majority stakes, or minority interests.