EARNZ (LON:EARN) Trading Up 10.6% – Here’s Why

Shares of EARNZ plc (LON:EARN) traded up 10.6% on Monday . The company traded as high as GBX 5.42 ($0.07) and last traded at GBX 5.42 ($0.07). 302,291 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 489,108 shares. The stock had previously closed at GBX 4.90 ($0.07).

EARNZ Stock Performance

The firm’s 50 day simple moving average is GBX 4.85 and its 200-day simple moving average is GBX 4.49. The company has a market cap of £6.12 million, a price-to-earnings ratio of -11,086.96 and a beta of 1.17.

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

Insider Buying and Selling

In other EARNZ news, insider Bob Holt bought 2,500,000 shares of the firm’s stock in a transaction on Monday, July 14th. The shares were acquired at an average cost of GBX 6 per share, with a total value of £150,000. In the last three months, insiders have bought 2,718,770 shares of company stock valued at $15,915,636. 28.25% of the stock is currently owned by corporate insiders.

About EARNZ

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.