Allied Minds (LON:ALM) Shares Pass Above Fifty Day Moving Average of $12.17

Allied Minds plc (LON:ALM – Get Rating)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 12.17 ($0.15) and traded as high as GBX 13.85 ($0.17). Allied Minds shares last traded at GBX 13.85 ($0.17), with a volume of 1,919,131 shares trading hands.

Allied Minds Stock Performance

The company has a debt-to-equity ratio of 21.86, a current ratio of 1.16 and a quick ratio of 1.12. The stock has a market capitalization of £33.54 million and a P/E ratio of -2.66. The company has a fifty day moving average of GBX 12.17 and a two-hundred day moving average of GBX 13.71.

Insider Activity at Allied Minds

In other news, insider Sam Dobbyn acquired 588,235 shares of the stock in a transaction that occurred on Thursday, October 13th. The stock was purchased at an average cost of GBX 10 ($0.12) per share, with a total value of £58,823.50 ($71,666.06).

About Allied Minds

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Allied Minds plc is a private equity and venture capital firm specializing in pre-seed, seed, start-up, and early stage technology investments. The firm prefers to invest across all products, services, and industries with a focus on the life science and technology sector including medical devices, diagnostics, biopharmaceuticals, big data, cyber security, communications, semiconductors, and food safety.