GS Chain (LON:GSC) Trading Down 22.5% – Time to Sell?

GS Chain plc (LON:GSC) shares traded down 22.5% during mid-day trading on Thursday . The stock traded as low as GBX 0.31 and last traded at GBX 0.31. 275,000 shares changed hands during trading, a decline of 69% from the average session volume of 873,387 shares. The stock had previously closed at GBX 0.40.

GS Chain Price Performance

The stock’s 50-day moving average price is GBX 0.48 and its 200 day moving average price is GBX 0.39. The firm has a market capitalization of £1.60 million and a price-to-earnings ratio of -8.00.

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

Insiders Place Their Bets

In other news, insider Leon Filipovic sold 60,000,000 shares of GS Chain stock in a transaction on Tuesday, November 11th. The stock was 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 the business’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 £595,000. Insiders own 28.98% of the company’s stock.

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.