Aminex (LON:AEX) Stock Price Down 8% – Here’s Why

Aminex PLC (LON:AEX)’s share price traded down 8% during mid-day trading on Friday . The company traded as low as GBX 2.20 and last traded at GBX 2.21. 4,555,833 shares were traded during mid-day trading, an increase of 20% from the average session volume of 3,805,329 shares. The stock had previously closed at GBX 2.40.

Aminex Trading Down 9.4%

The firm’s 50-day moving average is GBX 1.81 and its two-hundred day moving average is GBX 1.82. The stock has a market cap of £97.19 million, a price-to-earnings ratio of -15.54 and a beta of -0.03.

Aminex Company Profile

Aminex PLC, together with its subsidiaries, engages in the exploration, appraisal, development, and production of oil and gas assets, reserves, and resources. The company operates through Producing Oil and Gas Properties, Exploration Activities, and Oilfield Services segments. Its properties include the Kiliwani South, Ruvuma PSA, and Nyuni Area PSA exploration licenses located primarily in Tanzania. Aminex PLC was incorporated in 1979 and is based in Dublin, Ireland.