Aminex (LON:AEX) Shares Down 41.2% – Time to Sell?

Aminex PLC (LON:AEX) shares were down 41.2% during mid-day trading on Tuesday . The stock traded as low as GBX 1.10 and last traded at GBX 1.44. 67,477,805 shares changed hands during mid-day trading, an increase of 1,521% from the average session volume of 4,163,895 shares. The stock had previously closed at GBX 2.45.

Aminex Stock Down 41.2%

The company has a market cap of £64.44 million, a P/E ratio of -12.00 and a beta of -0.03. The firm has a fifty day moving average price of GBX 2.50 and a 200 day moving average price of GBX 2.25.

Insider Transactions at Aminex

In other news, insider Tom Mackay sold 1,528,947 shares of Aminex stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of GBX 2, for a total transaction of £30,578.94. Also, insider Charles Santos sold 5,000,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of GBX 2, for a total transaction of £100,000. Over the last ninety days, insiders sold 7,654,988 shares of company stock valued at $15,309,976. Insiders own 5.82% of the company’s stock.

About Aminex

Aminex PLC, together with its subsidiaries, engages in the exploration, appraisal, development, and production of oil and gas assets, reserves, and resources. The company operates through Producing Oil and Gas Properties, Exploration Activities, and Oilfield Services segments. Its properties include the Kiliwani South, Ruvuma PSA, and Nyuni Area PSA exploration licenses located primarily in Tanzania. Aminex PLC was incorporated in 1979 and is based in Dublin, Ireland.