EARNZ (LON:EARN) Trading 25% Higher on Insider Buying Activity

EARNZ plc (LON:EARN)’s stock price traded up 25% during mid-day trading on Saturday after an insider bought additional shares in the company. The stock traded as high as GBX 5.95 ($0.08) and last traded at GBX 5 ($0.07). 3,041,469 shares changed hands during mid-day trading, an increase of 415% from the average session volume of 590,586 shares. The stock had previously closed at GBX 4 ($0.05).

Specifically, insider Bob Holt purchased 40,556 shares of EARNZ stock in a transaction dated Friday, June 27th. The stock was acquired at an average price of GBX 5 ($0.07) per share, for a total transaction of £2,027.80 ($2,782.00). Also, insider Bob Holt purchased 178,214 shares of EARNZ stock in a transaction dated Friday, June 27th. The stock was acquired at an average price of GBX 4 ($0.05) per share, with a total value of £7,128.56 ($9,779.89).

EARNZ Stock Performance

The firm’s 50 day moving average is GBX 3.86 and its 200 day moving average is GBX 4.70. The stock has a market cap of £5.11 million, a P/E ratio of -1.12 and a beta of 1.17.

EARNZ (LON:EARN) last issued its quarterly earnings data on Friday, June 27th. The company reported GBX (0.05) ($0.00) EPS for the quarter. EARNZ had a negative return on equity of 116.64% and a negative net margin of 466.55%.

EARNZ Company Profile

EARNZ plc does not have significant operations. Previously it was engaged in the manufactures and commercializes solar technology. It focuses to seek acquisition targets in the energy services sector. The company was formerly known as Verditek PLC and changed its name to EARNZ plc in March 2024. EARNZ plc was incorporated in 2016 and is based in London, the United Kingdom.