Bezant Resources (LON:BZT) Trading Up 31.3% – Still a Buy?

Bezant Resources Plc (LON:BZT) shares traded up 31.3% during mid-day trading on Wednesday . The stock traded as high as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). 100,885,727 shares were traded during trading, an increase of 110% from the average session volume of 48,141,758 shares. The stock had previously closed at GBX 0.03 ($0.00).

Bezant Resources Stock Performance

The firm’s 50 day simple moving average is GBX 0.03 and its 200-day simple moving average is GBX 0.02. The company has a market cap of £4.27 million, a price-to-earnings ratio of -0.70 and a beta of 1.14. The company has a debt-to-equity ratio of 10.79, a quick ratio of 0.42 and a current ratio of 0.20.

Insider Activity at Bezant Resources

In other Bezant Resources news, insider Colin Bird bought 15,000,000 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were acquired at an average cost of GBX 3 ($0.04) per share, with a total value of £450,000 ($587,620.79). 18.25% of the stock is owned by corporate insiders.

Bezant Resources Company Profile

Bezant Resources Plc engages in the exploration, evaluation, and development of mineral resources. It explores for gold, silver, manganese, copper, and other minerals in the United Kingdom, Argentina, Namibia, and Botswana. The company was formerly known as Tanzania Gold Plc and changed its name to Bezant Resources Plc in July 2007.