Armadale Capital (LON:ACP) Stock Price Passes Above 50 Day Moving Average of $0.79

Armadale Capital Plc (LON:ACP)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 0.79 ($0.01) and traded as high as GBX 0.85 ($0.01). Armadale Capital shares last traded at GBX 0.80 ($0.01), with a volume of 785,194 shares.

Armadale Capital Stock Performance

The company has a debt-to-equity ratio of 11.23, a current ratio of 4.33 and a quick ratio of 41.47. The company has a 50 day simple moving average of GBX 0.79 and a 200-day simple moving average of GBX 0.84. The stock has a market cap of £4.99 million, a P/E ratio of -17.75 and a beta of 0.94.

About Armadale Capital

Armadale Capital Plc, an investment company, focuses on natural resources projects in Africa. It holds 100% interest in the Mahenge Liandu Graphite project located in Tanzania. The company was formerly known as Watermark Global Plc and changed its name to Armadale Capital Plc in July 2013. Armadale Capital Plc was incorporated in 2005 and is headquartered in Esher, the United Kingdom.