Defence (LON:ALRT) Shares Up 12.2% – Here’s What Happened

Defence Holdings (LON:ALRT)’s share price shot up 12.2% during trading on Wednesday . The company traded as high as GBX 1.35 and last traded at GBX 1.29. 17,853,209 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 20,415,170 shares. The stock had previously closed at GBX 1.15.

Defence Stock Up 12.2%

The firm has a market capitalization of £31.91 million and a PE ratio of -2.02. The stock has a 50-day moving average price of GBX 1.25 and a 200 day moving average price of GBX 1.80.

Defence Company Profile

Headquartered in London, Defence Holdings PLC is a publicly listed company trading under the stock ticker (ALRT) dedicated to delivering high-performance defence and security solutions for the UK and European markets. Leveraging deep capital-markets expertise and a network of technology partners, the Company intends to develop and acquire advanced sensors, AI-driven analytics, secure communications and autonomous platforms that enhance the operational advantage of its customers across land, sea, air, space and cyber domains.