Amphion Innovations (LON:AMP) Stock Price Down 11.6% – Here’s What Happened

Amphion Innovations Plc (LON:AMP)’s stock price traded down 11.6% during trading on Thursday. The stock traded as low as GBX 1.60 and last traded at GBX 1.90. Approximately 13,092,271 shares were traded during mid-day trading, an increase of 1,647% from the average session volume of 749,392 shares. The stock had previously closed at GBX 2.15.

Amphion Innovations Stock Performance

The company’s 50-day simple moving average is GBX 2.47 and its 200 day simple moving average is GBX 2.67. The stock has a market cap of £15.95 million and a P/E ratio of -1.10. The company has a current ratio of 1.09, a quick ratio of 0.56 and a debt-to-equity ratio of 28.24.

Amphion Innovations (LON:AMP) last released its earnings results on Wednesday, September 23rd. The company reported GBX (1) earnings per share (EPS) for the quarter.

Insider Transactions at Amphion Innovations

In other Amphion Innovations news, insider Duncan Black acquired 750,000 shares of Amphion Innovations stock in a transaction on Thursday, October 1st. The stock was purchased at an average price of GBX 2 per share, for a total transaction of £15,000. 1.12% of the stock is owned by company insiders.

About Amphion Innovations

Ampeak Energy is a global developer, owner and operator of sustainable energy projects. Ampeak Energy owns the world’s flagship tidal stream project, MeyGen. Ampeak Energy is also the owner of the Uskmouth Power Station site that is being repurposed into a sustainable energy park, initially housing one of the UK’s largest battery energy storage projects. https://www.ampeak.energy