Ajax Resources (LON:AJAX) Stock Price Down 13.3% – Here’s What Happened

Ajax Resources Plc (LON:AJAX) dropped 13.3% on Monday . The company traded as low as GBX 2.60 ($0.03) and last traded at GBX 2.60 ($0.03). Approximately 112,000 shares traded hands during trading, a decline of 92% from the average daily volume of 1,461,513 shares. The stock had previously closed at GBX 3 ($0.04).

Ajax Resources Stock Performance

The stock has a market capitalization of £1.22 million, a price-to-earnings ratio of -150.00 and a beta of 2.28. The business has a 50-day moving average of GBX 2.99 and a 200-day moving average of GBX 3.

Ajax Resources (LON:AJAX) last announced its quarterly earnings results on Monday, November 25th. The company reported GBX (0.20) ($0.00) earnings per share for the quarter.

Insider Buying and Selling at Ajax Resources

In other news, insider Richard Heywood bought 458,830 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average cost of GBX 3 ($0.04) per share, for a total transaction of £13,764.90 ($17,126.91). 63.52% of the stock is owned by corporate insiders.

Ajax Resources Company Profile

Ajax Resources Plc focuses on acquiring businesses, or production and development assets in the energy and natural resources sector. The company was incorporated in 2021 and is based in London, the United Kingdom.