Conygar Investment (LON:CIC) Shares Down 15.5% – Here’s Why

The Conygar Investment Company PLC (LON:CIC)’s share price fell 15.5% during mid-day trading on Tuesday . The stock traded as low as GBX 46 ($0.57) and last traded at GBX 49 ($0.61). 57,490 shares traded hands during mid-day trading, an increase of 207% from the average session volume of 18,752 shares. The stock had previously closed at GBX 58 ($0.72).

Conygar Investment Price Performance

The company has a market cap of £27.43 million, a P/E ratio of -88.46 and a beta of 0.51. The company has a debt-to-equity ratio of 44.71, a current ratio of 3.16 and a quick ratio of 11.14. The company has a fifty day simple moving average of GBX 61.33 and a 200-day simple moving average of GBX 72.25.

Insider Transactions at Conygar Investment

In other news, insider Robert T. E. Ware bought 65,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of GBX 47 ($0.59) per share, with a total value of £30,550 ($38,182.73). 22.98% of the stock is owned by insiders.

About Conygar Investment

The Conygar Investment Company PLC ("the Company") is incorporated in the United Kingdom and domiciled in England and Wales, is registered at Companies House under registration number 04907617, listed on the AIM market of the London Stock Exchange and limited by shares. The financial information set out in this report covers the six months to 31 March 2023, with comparative amounts shown for the six months to 31 March 2022 and the year to 30 September 2022, and includes the results and net assets of the Company and its subsidiaries, together referred to as the Group.