Atome (LON:ATOM) Trading Up 1.7%

Atome Plc (LON:ATOM) shares rose 1.7% during trading on Wednesday . The stock traded as high as GBX 59 ($0.74) and last traded at GBX 59 ($0.74). Approximately 20,665 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 82,200 shares. The stock had previously closed at GBX 58 ($0.73).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group initiated coverage on Atome in a research report on Monday, April 15th. They issued a “speculative buy” rating and a GBX 130 ($1.63) price objective for the company.

Atome Price Performance

The company has a current ratio of 5.41, a quick ratio of 5.80 and a debt-to-equity ratio of 10.68. The company has a market capitalization of £26.05 million, a price-to-earnings ratio of -421.43 and a beta of 0.13. The company has a 50 day moving average price of GBX 56.44 and a 200 day moving average price of GBX 65.42.

Insider Buying and Selling

In other Atome news, insider Peter M. Levine bought 195,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were bought at an average cost of GBX 50 ($0.63) per share, for a total transaction of £97,500 ($122,487.44). Corporate insiders own 59.10% of the company’s stock.

Atome Company Profile

Atome Plc engages in producing, marketing, and distributing green hydrogen and ammonia. The company was formerly known as ATOME Energy PLC and changed its name to Atome Plc in February 2024. Atome Plc was incorporated in 2021 and is based in Leeds, the United Kingdom.