Aterian (LON:ATN) Trading Up 3.8% – What’s Next?

Aterian plc (LON:ATN)’s share price shot up 3.8% during mid-day trading on Tuesday . The company traded as high as GBX 55 ($0.70) and last traded at GBX 54.50 ($0.70). 50,000 shares traded hands during mid-day trading, an increase of 108% from the average session volume of 24,052 shares. The stock had previously closed at GBX 52.50 ($0.67).

Aterian Price Performance

The firm has a market cap of £6.37 million, a P/E ratio of -778.57 and a beta of -0.10. The firm’s 50-day moving average price is GBX 51.71 and its 200 day moving average price is GBX 51.12.

Insiders Place Their Bets

In other Aterian news, insider Charles Grant Bray bought 25,000 shares of the stock in a transaction on Thursday, October 17th. The stock was purchased at an average price of GBX 50 ($0.64) per share, for a total transaction of £12,500 ($15,970.36). 70.06% of the stock is currently owned by company insiders.

About Aterian

Aterian plc engages in the exploration and development of mineral properties in Africa. The company primarily explores for tin, tungsten, copper, silver, and tantalum. It holds 100% interest in the AGDZ Copper-Silver project covering and area of 762 kilometer square located in Morocco; and the Kuaka JV The Musasa project located in Rwanda.