GS Chain (LON:GSC) Shares Down 22.5% – Here’s What Happened

GS Chain plc (LON:GSC) traded down 22.5% during trading on Thursday . The company traded as low as GBX 0.31 and last traded at GBX 0.31. 275,000 shares traded hands during trading, a decline of 69% from the average session volume of 873,387 shares. The stock had previously closed at GBX 0.40.

GS Chain Price Performance

The stock has a market cap of £1.24 million and a P/E ratio of -6.20. The company has a fifty day moving average of GBX 0.48 and a 200 day moving average of GBX 0.39.

GS Chain (LON:GSC) last issued its quarterly earnings results on Friday, October 31st. The company reported GBX (0.05) earnings per share (EPS) for the quarter.

Insider Activity

In other news, insider Leon Filipovic sold 60,000,000 shares of GS Chain stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of GBX 1, for a total value of £600,000. Also, insider Sébastien Dominique André Guerin sold 59,500,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of GBX 1, for a total transaction of £595,000. Company insiders own 28.98% of the company’s stock.

About GS Chain

GS Chain Plc (LSE: GSC) seeks to identify an opportunity within the technology sector, conduct the necessary due diligence and subsequently complete an acquisition that would benefit its shareholders.

While the Board of Directors’ experience spans across a wide range of business sectors, the board will focus its energy in the technology space; specifically targeting a company that leverages state of the art technology in automotive, fintech, real estate, banking, finance, telecommunications, or blockchain industries.