EARNZ (LON:EARN) Stock Price Up 8% – Here’s What Happened

EARNZ plc (LON:EARN) shares shot up 8% during trading on Tuesday . The company traded as high as GBX 5.50 and last traded at GBX 5.40. 452,777 shares traded hands during trading, a decline of 2% from the average session volume of 461,874 shares. The stock had previously closed at GBX 5.

EARNZ Stock Up 8.0%

The company has a market capitalization of £7.23 million, a price-to-earnings ratio of 1.89 and a beta of 1.17. The business has a fifty day simple moving average of GBX 5.38 and a two-hundred day simple moving average of GBX 4.69.

EARNZ (LON:EARN) last posted its earnings results on Thursday, September 11th. The company reported GBX (0.30) EPS for the quarter. EARNZ had a negative return on equity of 116.64% and a negative net margin of 466.55%.

Insider Transactions at EARNZ

In related news, insider John Charlton acquired 58,528 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was bought at an average cost of GBX 6 per share, with a total value of £3,511.68. 90.69% of the stock is owned by corporate insiders.

About EARNZ

EARNZ plc does not have significant operations. Previously it was engaged in the manufactures and commercializes solar technology. It focuses to seek acquisition targets in the energy services sector. The company was formerly known as Verditek PLC and changed its name to EARNZ plc in March 2024. EARNZ plc was incorporated in 2016 and is based in London, the United Kingdom.