Aminex (LON:AEX) Shares Down 41.2% – Time to Sell?

Shares of Aminex PLC (LON:AEX) dropped 41.2% during trading on Tuesday . The company traded as low as GBX 1.10 and last traded at GBX 1.44. 67,477,805 shares were traded during mid-day trading, an increase of 1,521% from the average daily volume of 4,163,895 shares. The stock had previously closed at GBX 2.45.

Aminex Stock Down 41.2%

The stock has a market cap of £64.44 million, a price-to-earnings ratio of -12.00 and a beta of -0.03. The stock’s fifty day moving average is GBX 2.50 and its 200-day moving average is GBX 2.25.

Insider Buying and Selling at Aminex

In related news, insider Charles Santos sold 5,000,000 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of GBX 2, for a total value of £100,000. Also, insider Tom Mackay sold 1,528,947 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of GBX 2, for a total value of £30,578.94. Insiders sold a total of 7,654,988 shares of company stock valued at $15,309,976 in the last three months. 5.82% of the stock is owned by company insiders.

About Aminex

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.