Conygar Investment (LON:CIC) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

The Conygar Investment Company PLC (LON:CIC) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 65.53 ($0.81) and traded as low as GBX 41.10 ($0.51). Conygar Investment shares last traded at GBX 41.10 ($0.51), with a volume of 32,785 shares.

Conygar Investment Price Performance

The company has a quick ratio of 11.14, a current ratio of 3.16 and a debt-to-equity ratio of 44.71. The company has a market capitalization of £24.51 million, a price-to-earnings ratio of -79.04 and a beta of 0.51. The stock’s 50-day moving average price is GBX 51.06 and its 200-day moving average price is GBX 65.53.

Insiders Place Their Bets

In other Conygar Investment news, insider Nigel J. Hamway purchased 120,000 shares of the stock in a transaction dated Friday, January 10th. The stock was bought at an average price of GBX 42 ($0.52) per share, for a total transaction of £50,400 ($62,145.50). Also, insider Robert T. E. Ware acquired 65,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average price of GBX 47 ($0.58) per share, for a total transaction of £30,550 ($37,669.54). Company insiders own 22.98% of the company’s stock.

About Conygar Investment

The Conygar Investment Company PLC ("the Company") is incorporated in the United Kingdom and domiciled in England and Wales, is registered at Companies House under registration number 04907617, listed on the AIM market of the London Stock Exchange and limited by shares. The financial information set out in this report covers the six months to 31 March 2023, with comparative amounts shown for the six months to 31 March 2022 and the year to 30 September 2022, and includes the results and net assets of the Company and its subsidiaries, together referred to as the Group.