Ajax Resources (LON:AJAX) Shares Up 10% – Here’s Why

Ajax Resources Plc (LON:AJAX)’s stock price rose 10% on Monday . The stock traded as high as GBX 3.30 ($0.04) and last traded at GBX 3.30 ($0.04). Approximately 108,644 shares traded hands during trading, a decline of 87% from the average daily volume of 857,339 shares. The stock had previously closed at GBX 3 ($0.04).

Ajax Resources Trading Up 10.0 %

The business has a fifty day moving average price of GBX 2.99 and a two-hundred day moving average price of GBX 2.98. The company has a market cap of £1.54 million, a price-to-earnings ratio of -11.59 and a beta of 2.28.

Ajax Resources (LON:AJAX) last released its quarterly earnings data on Monday, November 25th. The company reported GBX (0.20) ($0.00) earnings per share for the quarter.

Insider Transactions at Ajax Resources

In other Ajax Resources news, insider Richard Heywood acquired 458,830 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average cost of GBX 3 ($0.04) per share, for a total transaction of £13,764.90 ($17,366.77). Company insiders own 63.52% of the company’s stock.

About Ajax Resources

Ajax Resources Plc focuses on acquiring businesses, or production and development assets in the energy and natural resources sector. The company was incorporated in 2021 and is based in London, the United Kingdom.