MediaZest (LON:MDZ) Shares Up 15% – Here’s Why

MediaZest plc (LON:MDZ) shares shot up 15% during mid-day trading on Thursday . The stock traded as high as GBX 0.12 and last traded at GBX 0.12. 28,918,869 shares traded hands during mid-day trading, an increase of 122% from the average session volume of 13,046,867 shares. The stock had previously closed at GBX 0.10.

MediaZest Trading Up 15.0%

The firm’s 50-day moving average price is GBX 0.09 and its 200 day moving average price is GBX 0.09. The company has a market cap of £1.95 million, a price-to-earnings ratio of -115.00 and a beta of 0.89. The company has a current ratio of 0.23, a quick ratio of 0.28 and a debt-to-equity ratio of 229.88.

Insider Transactions at MediaZest

In related news, insider James Abdool purchased 5,882,353 shares of MediaZest stock in a transaction on Wednesday, December 17th. The stock was acquired at an average cost of GBX 1 per share, for a total transaction of £58,823.53. 0.86% of the stock is currently owned by corporate insiders.

About MediaZest

MediaZest is a creative audio-visual solutions provider that specialises in delivering innovative digital signage and audio systems to leading retailers, brand owners and corporations. The Group offers an integrated service from content creation and system design to installation, technical support, and maintenance. MediaZest was admitted to the London Stock Exchange’s AIM in February 2005.