Metalnrg (LON:AMG) Stock Price Up 9.6% After Insider Buying Activity

Metalnrg (LON:AMG) shot up 9.6% on Friday after an insider bought additional shares in the company. The company traded as high as GBX 8 and last traded at GBX 7.95. 1,122,345 shares traded hands during trading, an increase of 47% from the average session volume of 762,085 shares. The stock had previously closed at GBX 7.25.

Specifically, insider Christian Schaffalitzky acquired 138,000 shares of Metalnrg stock in a transaction on Wednesday, March 18th. The stock was bought at an average price of GBX 8 per share, for a total transaction of £11,040. Also, insider Christopher Latilla-Campbell acquired 135,000 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were purchased at an average cost of GBX 1 per share, for a total transaction of £1,350. In other news, insider Christopher Latilla-Campbell acquired 142,000 shares of the stock in a transaction dated Friday, March 13th. The shares were acquired at an average cost of GBX 7 per share, for a total transaction of £9,940.

Metalnrg Stock Performance

The stock has a 50 day simple moving average of GBX 9.89. The firm has a market cap of £2.51 million and a PE ratio of -0.38.

Metalnrg Company Profile

The company creates shareholder value through indirect and direct investments targeting outright acquisitions, majority stakes, or minority interests.