Metalnrg (LON:AMG) Trading Up 9.6% on Insider Buying Activity

Shares of Metalnrg (LON:AMG) were up 9.6% on Friday after an insider bought additional shares in the company. The company traded as high as GBX 8 and last traded at GBX 7.95. Approximately 1,122,345 shares traded hands during mid-day trading, an increase of 47% from the average daily volume of 762,085 shares. The stock had previously closed at GBX 7.25.

Specifically, insider Christian Schaffalitzky purchased 138,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were acquired at an average cost of GBX 8 per share, for a total transaction of £11,040. Also, insider Christopher Latilla-Campbell acquired 135,000 shares of Metalnrg stock in a transaction that occurred on Tuesday, March 17th. The stock was purchased at an average price of GBX 1 per share, with a total value of £1,350. In other Metalnrg news, insider Christopher Latilla-Campbell bought 142,000 shares of the company’s stock in a transaction on Friday, March 13th. The shares were bought at an average price of GBX 7 per share, for a total transaction of £9,940.

Metalnrg Price Performance

The firm’s 50 day moving average is GBX 9.93. The firm has a market cap of £2.43 million and a PE ratio of -0.36.

Metalnrg Company Profile

The company creates shareholder value through indirect and direct investments targeting outright acquisitions, majority stakes, or minority interests.