Insider Buying: Xeros Technology Group plc (LON:XSG) Insider Acquires 1,600,000 Shares of Stock

Xeros Technology Group plc (LON:XSG) insider David Armfield bought 1,600,000 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were acquired at an average price of GBX 1 ($0.01) per share, for a total transaction of £16,000 ($19,772.61).

Xeros Technology Group Trading Up 23.8 %

Shares of XSG traded up GBX 0.19 ($0.00) during midday trading on Tuesday, reaching GBX 0.99 ($0.01). The company had a trading volume of 21,120,754 shares, compared to its average volume of 4,260,889. Xeros Technology Group plc has a 1-year low of GBX 0.33 ($0.00) and a 1-year high of GBX 4 ($0.05). The company has a quick ratio of 3.05, a current ratio of 7.62 and a debt-to-equity ratio of 13.93. The firm has a 50 day simple moving average of GBX 0.46 and a 200-day simple moving average of GBX 0.67. The stock has a market cap of £5.15 million, a PE ratio of -49.50 and a beta of 1.27.

About Xeros Technology Group

Xeros Technology plc has developed patented and proven, industry-leading technologies which reduce the environmental impact of how industries make and care for clothes.

The traditional wet processing methods used in industrial and domestic laundry and garment manufacturing consume billions of litres of fresh water and large amounts of energy and chemicals, as well as damaging and weakening clothing fibres and creating rising levels of environmental pollution.