Taptica International (LON:TAP) Trading 15% Higher – What’s Next?

Shares of Taptica International Ltd (LON:TAP) traded up 15% during mid-day trading on Tuesday . The company traded as high as GBX 2.19 and last traded at GBX 2.19. 1,943,720 shares were traded during mid-day trading, a decline of 14% from the average session volume of 2,253,020 shares. The stock had previously closed at GBX 1.90.

Taptica International Stock Performance

The firm’s 50 day simple moving average is GBX 2.13. The company has a current ratio of 2.06, a quick ratio of 2.03 and a debt-to-equity ratio of 10.20. The company has a market capitalization of £16.28 million and a P/E ratio of -83.59.

Insiders Place Their Bets

In other news, insider Manuel De Luque Muntaner purchased 600,000 shares of the business’s stock in a transaction dated Tuesday, October 21st. The stock was bought at an average cost of GBX 3 per share, with a total value of £18,000.

Taptica International Company Profile

Tap Global Group Plc bridges the gap between traditional finance and blockchain technology. It offers over 390,000 individual and business customers an innovative and fully integrated fiat payments and cryptocurrency settlement service including access to several major cryptocurrency exchanges. Through the Tap app, customers can trade over 50 cryptocurrencies and store them directly in their customer wallet, while benefiting from proprietary AI middleware for real-time best-execution and pricing.

Tap Group’s European business, Tap Global Limited, was the first cryptocurrency FinTech company to be approved by Mastercard in Europe.