Taptica International (LON:TAP) Trading Up 7% – Here’s Why

Taptica International Ltd (LON:TAP) shares shot up 7% during mid-day trading on Tuesday . The stock traded as high as GBX 2.30 and last traded at GBX 2.30. 560,172 shares were traded during trading, a decline of 72% from the average session volume of 2,035,623 shares. The stock had previously closed at GBX 2.15.

Taptica International Stock Up 7.0%

The firm’s fifty day simple moving average is GBX 2.24. The company has a quick ratio of 2.03, a current ratio of 2.06 and a debt-to-equity ratio of 10.20. The firm has a market capitalization of £17.10 million and a PE ratio of -87.79.

Insider Buying and Selling

In other Taptica International news, insider Manuel De Luque Muntaner acquired 600,000 shares of the company’s stock in a transaction on Tuesday, October 21st. The stock was acquired at an average cost of GBX 3 per share, with a total value of £18,000.

Taptica International Company Profile

Tap Global Group Plc bridges the gap between traditional finance and blockchain technology. It offers over 390,000 individual and business customers an innovative and fully integrated fiat payments and cryptocurrency settlement service including access to several major cryptocurrency exchanges. Through the Tap app, customers can trade over 50 cryptocurrencies and store them directly in their customer wallet, while benefiting from proprietary AI middleware for real-time best-execution and pricing.

Tap Group’s European business, Tap Global Limited, was the first cryptocurrency FinTech company to be approved by Mastercard in Europe.