GS Chain (LON:GSC) Shares Down 25% – Should You Sell?

Shares of GS Chain plc (LON:GSC) dropped 25% on Wednesday . The stock traded as low as GBX 0.30 and last traded at GBX 0.30. Approximately 100,000 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 780,269 shares. The stock had previously closed at GBX 0.40.

GS Chain Stock Performance

The company has a 50-day moving average of GBX 0.48 and a 200 day moving average of GBX 0.39. The firm has a market cap of £1.20 million and a P/E ratio of -6.00.

GS Chain (LON:GSC) last released its quarterly earnings data on Friday, October 31st. The company reported GBX (0.05) earnings per share (EPS) for the quarter.

Insider Transactions at GS Chain

In other GS Chain news, insider Leon Filipovic sold 60,000,000 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of GBX 1, for a total transaction of £600,000. Also, insider Sébastien Dominique André Guerin sold 59,500,000 shares of GS Chain stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of GBX 1, for a total transaction of £595,000. 28.98% of the stock is owned by insiders.

About GS Chain

GS Chain Plc (LSE: GSC) seeks to identify an opportunity within the technology sector, conduct the necessary due diligence and subsequently complete an acquisition that would benefit its shareholders.

While the Board of Directors’ experience spans across a wide range of business sectors, the board will focus its energy in the technology space; specifically targeting a company that leverages state of the art technology in automotive, fintech, real estate, banking, finance, telecommunications, or blockchain industries.