Nanoco Group (LON:NANO) Shares Up 2.1% – Time to Buy?

Nanoco Group plc (LON:NANO) shot up 2.1% during mid-day trading on Tuesday . The company traded as high as GBX 14.90 ($0.19) and last traded at GBX 13.79 ($0.17). 116,269 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 1,574,454 shares. The stock had previously closed at GBX 13.51 ($0.17).

Nanoco Group Stock Up 1.7 %

The firm has a market capitalization of £26.75 million, a price-to-earnings ratio of 364.98 and a beta of 0.67. The company has a quick ratio of 3.57, a current ratio of 4.82 and a debt-to-equity ratio of 36.93. The company’s 50 day moving average price is GBX 12.93 and its 200 day moving average price is GBX 13.57.

Insiders Place Their Bets

In other news, insider Dmitry Shashkov bought 405,212 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were bought at an average cost of GBX 1,400 ($17.52) per share, for a total transaction of £5,672,968 ($7,098,308.31). Insiders own 50.28% of the company’s stock.

About Nanoco Group

Nanoco Group plc, together with its subsidiaries, engages in the research, development, manufacture, and licensing of novel nanomaterials for use in various commercial applications. The company offers CFQD quantum dots consisting of fluorescent semiconductor nanoparticles for OLED and µLED colour conversion, QD-EL, and security tagging applications; and HEATWAVE quantum dots for use in biometric facial recognition, optical diagnostics, LiDAR, and night vision applications in the sensor industry.