Bay Capital Plc (LON:BAY – Get Free Report)’s stock price traded up 20.6% on Tuesday after an insider bought additional shares in the company. The company traded as high as GBX 13 and last traded at GBX 12. 8,175,539 shares traded hands during mid-day trading, an increase of 1,476% from the average daily volume of 518,758 shares. The stock had previously closed at GBX 9.95.
Specifically, insider David Jeffreys Williams acquired 1,800,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average cost of GBX 10 per share, for a total transaction of £180,000.
Bay Capital Trading Up 20.6%
The stock’s 50 day moving average is GBX 8.66 and its two-hundred day moving average is GBX 6.93. The stock has a market capitalization of £8.40 million, a price-to-earnings ratio of -26.09 and a beta of -0.64.
About Bay Capital
Bay Capital Plc (LSE: BAY) was established in order to undertake one or more investment or acquisition opportunities of businesses operating within the UK or internationally where the Directors believe there to be opportunities for the creation of shareholder value across certain sectors of focus including industrials, construction and business services, and software and technology companies which service those industry verticals.
Bay Capital Plc is led by Peter Tom CBE as Chairman and David Williams as Director.
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