Bezant Resources (LON:BZT) Trading Down 7.8% – What’s Next?

Bezant Resources Plc (LON:BZT) shares were down 7.8% on Tuesday . The company traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 34,021,288 shares traded hands during trading, a decline of 30% from the average daily volume of 48,851,199 shares. The stock had previously closed at GBX 0.03 ($0.00).

Bezant Resources Price Performance

The company has a debt-to-equity ratio of 8.80, a quick ratio of 0.42 and a current ratio of 0.91. The company has a market cap of £3.40 million, a P/E ratio of -0.70 and a beta of 1.14. The firm’s fifty day moving average is GBX 0.03 and its two-hundred day moving average is GBX 0.02.

Insider Activity

In other Bezant Resources news, insider Colin Bird purchased 15,000,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was acquired at an average cost of GBX 3 ($0.04) per share, for a total transaction of £450,000 ($588,928.15). Company insiders own 18.25% of the company’s stock.

Bezant Resources Company Profile

Bezant Resources Plc engages in the exploration, evaluation, and development of mineral resources. It explores for gold, silver, manganese, copper, and other minerals in the United Kingdom, Argentina, Namibia, and Botswana. The company was formerly known as Tanzania Gold Plc and changed its name to Bezant Resources Plc in July 2007.