FastForward Innovations Ltd (LON:FFWD)’s stock price dropped 47.9% on Friday . The company traded as low as GBX 6.15 ($0.08) and last traded at GBX 6.15 ($0.08), approximately 312,634 shares changed hands during trading. A decline of 43% from the average daily volume of 551,117 shares. The stock had previously closed at GBX 11.81 ($0.15).
The stock has a market cap of $9.93 million and a price-to-earnings ratio of 6.83. The company’s fifty day moving average is GBX 6.83 and its two-hundred day moving average is GBX 7.30.
In other news, insider Lance De Jersey bought 400,000 shares of the company’s stock in a transaction on Friday, September 27th. The stock was bought at an average cost of GBX 6 ($0.08) per share, with a total value of £24,000 ($31,360.25).
FastForward Innovations Limited, formerly Kuala Innovations Limited, is a closed-ended investment company. The Company’s investing policy is to invest in and/or acquire companies and/or projects within the natural resources and/or energy sector. The Company offers investments for entrepreneurs to develop technologies that solve problems in their industries.
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