Shares of Steppe Cement Ltd. (LON:STCM – Get Free Report) rose 8% during trading on Thursday . The stock traded as high as GBX 29 and last traded at GBX 27.55. 1,061,272 shares traded hands during mid-day trading, an increase of 1,025% from the average daily volume of 94,358 shares. The stock had previously closed at GBX 25.50.
Steppe Cement Price Performance
The company has a quick ratio of 1.63, a current ratio of 2.12 and a debt-to-equity ratio of 4.55. The stock’s 50 day moving average price is GBX 21.90 and its two-hundred day moving average price is GBX 20.65. The stock has a market cap of £61.32 million, a price-to-earnings ratio of 18.54 and a beta of 0.71.
Insider Buying and Selling
In other Steppe Cement news, insider Javier del Ser Perez purchased 122,000 shares of the stock in a transaction on Friday, July 17th. The shares were bought at an average cost of GBX 22 per share, with a total value of £26,840. Insiders own 9.42% of the company’s stock.
Steppe Cement Company Profile
Steppe Cement Ltd., an investment holding company, engages in the production and sale of cement and clinkers in Kazakhstan. It also provides consultancy services; and transmission and distribution of electricity. The company was incorporated in 2004 and is based in Kuala Lumpur, Malaysia.
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