GS Chain (LON:GSC) Shares Down 25% – What’s Next?

GS Chain plc (LON:GSC)’s stock price traded down 25% during trading on Wednesday . The stock traded as low as GBX 0.30 and last traded at GBX 0.30. 100,000 shares traded hands during trading, a decline of 87% from the average session volume of 780,269 shares. The stock had previously closed at GBX 0.40.

GS Chain Trading Down 25.0%

The firm has a market capitalization of £1.20 million and a price-to-earnings ratio of -6.00. The firm has a 50 day moving average price of GBX 0.48 and a two-hundred day moving average price of GBX 0.39.

GS Chain (LON:GSC) last posted its earnings results on Friday, October 31st. The company reported GBX (0.05) earnings per share (EPS) for the quarter.

Insiders Place Their Bets

In related news, insider Leon Filipovic sold 60,000,000 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of GBX 1, for a total value of £600,000. Also, insider Sébastien Dominique André Guerin sold 59,500,000 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of GBX 1, for a total value of £595,000. 28.98% of the stock is currently owned by corporate insiders.

About GS Chain

GS Chain Plc (LSE: GSC) seeks to identify an opportunity within the technology sector, conduct the necessary due diligence and subsequently complete an acquisition that would benefit its shareholders.

While the Board of Directors’ experience spans across a wide range of business sectors, the board will focus its energy in the technology space; specifically targeting a company that leverages state of the art technology in automotive, fintech, real estate, banking, finance, telecommunications, or blockchain industries.