Conygar Investment (LON:CIC) Stock Falls 2.9% – Here’s Why

The Conygar Investment Company PLC (LON:CIC) shares traded down 2.9% during mid-day trading on Thursday. The company traded as low as GBX 29.12 and last traded at GBX 29.12. Approximately 52,094 shares were traded during trading, a decline of 31% from the average daily volume of 75,101 shares. The stock had previously closed at GBX 30.

Conygar Investment Trading Down 2.9%

The business has a 50-day moving average price of GBX 28.46 and a 200-day moving average price of GBX 26.56. The company has a quick ratio of 11.14, a current ratio of 0.22 and a debt-to-equity ratio of 75.98. The firm has a market capitalization of £17.37 million, a P/E ratio of -1.83 and a beta of 0.44.

Insiders Place Their Bets

In other Conygar Investment news, insider Robert T. E. Ware sold 62,000 shares of Conygar Investment stock in a transaction on Thursday, September 10th. The shares were sold at an average price of GBX 25, for a total transaction of £15,500. 25.95% of the stock is owned by corporate insiders.

About Conygar Investment

The Conygar Investment Company PLC ("the Company") is incorporated in the United Kingdom and domiciled in England and Wales, is registered at Companies House under registration number 04907617, listed on the AIM market of the London Stock Exchange and limited by shares. The financial information set out in this report covers the six months to 31 March 2023, with comparative amounts shown for the six months to 31 March 2022 and the year to 30 September 2022, and includes the results and net assets of the Company and its subsidiaries, together referred to as the Group.