Tirupati Graphite (LON:TGR) Shares Down 14.6%

Tirupati Graphite plc (LON:TGRGet Free Report)’s share price traded down 14.6% during mid-day trading on Tuesday . The stock traded as low as GBX 5.25 ($0.07) and last traded at GBX 5.25 ($0.07). 575,311 shares changed hands during trading, a decline of 29% from the average session volume of 806,842 shares. The stock had previously closed at GBX 6.15 ($0.08).

Tirupati Graphite Trading Down 14.6 %

The company’s 50-day moving average price is GBX 5.72 and its 200-day moving average price is GBX 9.22. The company has a debt-to-equity ratio of 9.28, a quick ratio of 2.46 and a current ratio of 2.23. The firm has a market capitalization of £6.80 million, a PE ratio of 100.00 and a beta of 0.60.

Insider Buying and Selling

In related news, insider Alastair Bath purchased 54,545 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average cost of GBX 11 ($0.14) per share, for a total transaction of £5,999.95 ($7,640.33). 37.43% of the stock is owned by company insiders.

About Tirupati Graphite

(Get Free Report)

Tirupati Graphite plc, together with its subsidiaries, operates as a specialist graphite and graphene producer in Madagascar and India. It owns and operates the Vatomina and Sahamamy flake graphite projects located in Madagascar. The company also provides mineral processing technology development services.

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