SigmaRoc (LON:SRC) Reaches New 52-Week High – Still a Buy?

SigmaRoc plc (LON:SRCGet Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 87.90 ($1.13) and last traded at GBX 87.10 ($1.12), with a volume of 4449875 shares changing hands. The stock had previously closed at GBX 81.70 ($1.05).

SigmaRoc Trading Up 7.7 %

The business has a 50-day moving average price of GBX 75.27 and a two-hundred day moving average price of GBX 73.69. The stock has a market capitalization of £991.77 million, a P/E ratio of -4.43 and a beta of 1.72. The company has a current ratio of 1.08, a quick ratio of 0.88 and a debt-to-equity ratio of 92.26.

Insider Activity

In related news, insider David Barrett bought 142,000 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was purchased at an average cost of GBX 67 ($0.86) per share, for a total transaction of £95,140 ($122,634.70). Corporate insiders own 21.82% of the company’s stock.

About SigmaRoc

(Get Free Report)

SigmaRoc is an AIM-quoted lime and limestone group targeting quarried materials assets in the UK and Northern Europe. It seeks to create value by purchasing assets in fragmented materials markets and extracting efficiencies through active management and by forming the assets into larger groups. It seeks to de-risk its investments through the selection of projects with strong asset-backing.

Further Reading

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