Tern Plc (LON:TERN – Get Free Report) shares shot up 11.1% during mid-day trading on Wednesday . The company traded as high as GBX 2 ($0.03) and last traded at GBX 2 ($0.03). 2,162,236 shares were traded during trading, a decline of 11% from the average session volume of 2,417,097 shares. The stock had previously closed at GBX 1.80 ($0.02).
Tern Stock Up 1.9 %
The company has a current ratio of 0.33, a quick ratio of 0.75 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of £8.15 million, a PE ratio of -61.63 and a beta of 0.89. The stock’s fifty day simple moving average is GBX 1.40 and its 200-day simple moving average is GBX 2.
Insider Buying and Selling at Tern
In related news, insider Iain Ross acquired 1,100,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were bought at an average cost of GBX 1 ($0.01) per share, for a total transaction of £11,000 ($13,848.67). Insiders own 7.02% of the company’s stock.
About Tern
Tern Plc is a venture capital firm specializing in early-stage and growth capital investment. The firm typically invests in the software companies having IoT security, Artificial Intelligence (“AI”), Machine Learning (“ML”), Virtual/Augmented Reality (“VR/AR”) and Data Science, enablement and analytics solutions for the healthcare and industrial sectors.
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