Primorus Investments (LON:PRIM) Trading Up 8.3% – Still a Buy?

Primorus Investments plc (LON:PRIM) shares were up 8.3% during mid-day trading on Friday . The stock traded as high as GBX 3.90 and last traded at GBX 3.90. 97 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 131,618 shares. The stock had previously closed at GBX 3.60.

Primorus Investments Price Performance

The business has a 50 day simple moving average of GBX 3.72 and a 200 day simple moving average of GBX 3.84. The company has a market cap of £4.86 million, a price-to-earnings ratio of 5.79 and a beta of 0.39.

Primorus Investments (LON:PRIM) last announced its earnings results on Tuesday, June 2nd. The company reported GBX 0.67 earnings per share for the quarter. Primorus Investments had a positive return on equity of 15.97% and a negative net margin of 402.68%.

Insiders Place Their Bets

In other Primorus Investments news, insider Rupert Labrum sold 3,000,000 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of GBX 4, for a total value of £120,000. Insiders own 47.63% of the company’s stock.

About Primorus Investments

Primorus Investments plc is a private equity firm specializing in buyout investments in small and mid cap firms. The firm focuses to invest in financial services, natural resources, energy, clean technology, financial technology, business technology, infrastructure, property, consultancy, brand licensing and leisure sectors. The firm seeks to take majority stakes in its portfolio companies. Primorus Investments plc was incorporated in 1999 and is based in London, United Kingdom.