Amigo (LON:AMGO) Stock Falls 2% – What’s Next?

Amigo Holdings PLC (LON:AMGO) traded down 2% during trading on Wednesday. The stock traded as low as GBX 2.40 and last traded at GBX 2.45. Approximately 1,290,404 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 4,030,709 shares. The stock had previously closed at GBX 2.50.

Amigo Stock Performance

The company has a quick ratio of 0.99, a current ratio of 1.40 and a debt-to-equity ratio of 85.71. The stock’s fifty day moving average is GBX 2.62 and its two-hundred day moving average is GBX 2.48. The firm has a market capitalization of £32.58 million, a price-to-earnings ratio of -0.13, a P/E/G ratio of 0.90 and a beta of 2.07.

Insider Activity

In other news, insider Jonathan Roe acquired 364,963 shares of the stock in a transaction dated Wednesday, September 30th. The shares were bought at an average cost of GBX 3 per share, for a total transaction of £10,948.89. Also, insider Nicholas Beal bought 363,094 shares of the company’s stock in a transaction dated Tuesday, September 29th. The stock was purchased at an average cost of GBX 3 per share, for a total transaction of £10,892.82. Insiders have bought a total of 1,092,057 shares of company stock worth $3,276,171 over the last 90 days. 29.93% of the stock is owned by company insiders.

Amigo Company Profile

Amigo Resources PLC (LSE:AMGO) is focused on gold and rare earth mining opportunities in Africa, principally in Tanzania and Mauritania,