Kazera Global (LON:KZG) Trading 2.5% Higher After Insider Buying Activity

Kazera Global plc (LON:KZG) traded up 2.5% during trading on Friday after an insider bought additional shares in the company. The company traded as high as GBX 1.25 ($0.02) and last traded at GBX 1.18 ($0.02). 6,065,505 shares traded hands during trading, an increase of 31% from the average session volume of 4,618,384 shares. The stock had previously closed at GBX 1.15 ($0.02).

Specifically, insider Dennis Edmonds acquired 850,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was purchased at an average cost of GBX 1 ($0.01) per share, for a total transaction of £8,500 ($11,176.86).

Kazera Global Stock Up 2.5 %

The firm has a market capitalization of £11.04 million, a PE ratio of -4.88 and a beta of 1.05. The business’s 50-day moving average price is GBX 0.57 and its 200-day moving average price is GBX 0.53.

About Kazera Global

Kazera Global plc operates as a mining investment company in the United Kingdom and South Africa. The company primarily explores for lithium, diamonds, and heavy mineral sands. It owns 60% interests in the Diamond project, a mining operation located in Alexander Bay, South Africa; Walviskop Heavy Mineral Sands project located in South Africa; and Tantalum and Lithium project located in southeastern Namibia.