genedrive (LON:GDR) Trading 9.9% Higher

Shares of genedrive plc (LON:GDR) shot up 9.9% during trading on Tuesday . The company traded as high as GBX 2.45 ($0.03) and last traded at GBX 2.45 ($0.03). 10,326,631 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 15,053,750 shares. The stock had previously closed at GBX 2.23 ($0.03).

genedrive Trading Down 4.0 %

The company has a market cap of £12.25 million, a P/E ratio of -57.13 and a beta of 0.06. The business’s 50-day moving average price is GBX 2.97 and its 200 day moving average price is GBX 3.41. The company has a debt-to-equity ratio of 8.57, a quick ratio of 5.52 and a current ratio of 1.63.

Insider Activity at genedrive

In other genedrive news, insider Ian David Gilham bought 1,000,000 shares of genedrive stock in a transaction dated Wednesday, August 14th. The stock was bought at an average cost of GBX 3 ($0.04) per share, for a total transaction of £30,000 ($39,447.73). 14.78% of the stock is currently owned by company insiders.

About genedrive

genedrive plc, a molecular diagnostics company, engages in developing and commercializing point of need diagnostics platform for infectious diseases, genotyping, pathogen detection, and other indications. The company provides Genedrive system, a rapid thermocycler and signal detection system and semi- automated system used forqualitative in vitro molecular diagnostic tests; and Genedrive CYP2C19 ID Kit, a point-of-care test for rapid CYP2C19 genotyping in time-critical emergency care settings.