Shares of Mobile Tornado Group plc (LON:MBT – Get Free Report) rose 18% on Thursday after an insider bought additional shares in the company. The stock traded as high as GBX 1.48 ($0.02) and last traded at GBX 1.48 ($0.02). Approximately 250,000 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 335,644 shares. The stock had previously closed at GBX 1.25 ($0.02).
Specifically, insider Luke Wilkinson purchased 680,000 shares of Mobile Tornado Group stock in a transaction dated Thursday, October 10th. The stock was purchased at an average price of GBX 1 ($0.01) per share, with a total value of £6,800 ($8,899.36).
Mobile Tornado Group Trading Down 6.3 %
The firm has a 50 day moving average price of GBX 1.41 and a 200 day moving average price of GBX 1.50. The stock has a market capitalization of £6.27 million, a PE ratio of -10.50 and a beta of 1.73.
About Mobile Tornado Group
Mobile Tornado Group plc provides instant communication mobile applications in the United Kingdom and internationally. The company offers Push-to-Talk solution (PTT) that provides one-to-one calls or broadcast to a large group with a single push of a button; and PTT Mobile Device Management provides secure communications, and prevents end-users from changing device configuration, or change device settings.
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