Defence (LON:ALRT) Shares Up 7.4% – Here’s Why

Defence Holdings (LON:ALRT) shares shot up 7.4% during trading on Tuesday . The company traded as high as GBX 1.35 and last traded at GBX 1.30. 29,421,389 shares traded hands during trading, an increase of 41% from the average session volume of 20,886,469 shares. The stock had previously closed at GBX 1.21.

Defence Price Performance

The firm has a market cap of £32.16 million and a PE ratio of -2.03. The business has a 50-day moving average price of GBX 1.30 and a two-hundred day moving average price of GBX 1.83.

About Defence

Headquartered in London, Defence Holdings PLC is a publicly listed company trading under the stock ticker (ALRT) dedicated to delivering high-performance defence and security solutions for the UK and European markets. Leveraging deep capital-markets expertise and a network of technology partners, the Company intends to develop and acquire advanced sensors, AI-driven analytics, secure communications and autonomous platforms that enhance the operational advantage of its customers across land, sea, air, space and cyber domains.