Artisanal Spirits (LON:ART) Shares Up 4.9% – Here’s Why

Shares of The Artisanal Spirits Company plc (LON:ART) were up 4.9% during trading on Friday . The stock traded as high as GBX 43 ($0.54) and last traded at GBX 43 ($0.54). Approximately 8,176 shares were traded during trading, a decline of 74% from the average daily volume of 31,175 shares. The stock had previously closed at GBX 41 ($0.51).

Artisanal Spirits Price Performance

The company has a 50 day moving average price of GBX 41.51 and a 200 day moving average price of GBX 41.55. The company has a market capitalization of £30.34 million, a price-to-earnings ratio of -860.00 and a beta of -0.11. The company has a current ratio of 8.32, a quick ratio of 1.16 and a debt-to-equity ratio of 214.23.

Insiders Place Their Bets

In related news, insider Mark Francis Bedingham purchased 45,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were purchased at an average price of GBX 45 ($0.56) per share, with a total value of £20,250 ($25,385.48). Company insiders own 66.82% of the company’s stock.

Artisanal Spirits Company Profile

The Artisanal Spirits Company plc curates and sells premium single cask scotch malt whisky and other spirits to its members in the United Kingdom and internationally. The company creates small batches of blended malt whiskies, grain whiskies, rum, and gin under the J.G. Thomson brand. It sells its products online under The Scotch Malt Whisky Society brand name.