Dekel Agri-Vision (LON:DKL) Shares Down 13.3% – Should You Sell?

Shares of Dekel Agri-Vision plc (LON:DKL) dropped 13.3% during mid-day trading on Monday. The company traded as low as GBX 0.32 and last traded at GBX 0.35. Approximately 5,394,022 shares traded hands during trading, an increase of 636% from the average daily volume of 733,025 shares. The stock had previously closed at GBX 0.40.

Dekel Agri-Vision Price Performance

The company has a 50 day simple moving average of GBX 0.37 and a 200 day simple moving average of GBX 0.39. The company has a market capitalization of £4.20 million, a price-to-earnings ratio of -0.35 and a beta of 0.24. The company has a quick ratio of 0.17, a current ratio of 0.40 and a debt-to-equity ratio of 475.42.

Insider Transactions at Dekel Agri-Vision

In related news, insider Jonathan Johnson-Watts sold 60,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of GBX 1, for a total value of £600,000. Also, insider Aristide C. Achybrou purchased 60,000,000 shares of Dekel Agri-Vision stock in a transaction on Tuesday, August 11th. The shares were acquired at an average cost of GBX 1 per share, for a total transaction of £600,000. 53.56% of the stock is currently owned by insiders.

Dekel Agri-Vision Company Profile

Dekel Agri-Vision plc, through its subsidiaries, develops and cultivates palm oil plantations in the Republic of Cote d’Ivoire. The company operates through Crude Palm Oil and Raw Cashew Nut segments. It produces and sells palm oil, palm kernel oil, and palm kernel cakes. The company was formerly known as DekelOil Public Limited and changed its name to Dekel Agri-Vision plc in November 2019. Dekel Agri-Vision plc was incorporated in 2007 and is based in Limassol, Cyprus.