Canaccord Genuity Group initiated coverage on shares of Atome (LON:ATOM – Free Report) in a research note published on Monday morning, MarketBeat reports. The brokerage issued a speculative buy rating and a GBX 130 ($1.62) price target on the stock.
Atome Price Performance
Shares of LON ATOM opened at GBX 61 ($0.76) on Monday. The firm has a market cap of £27.40 million, a PE ratio of -469.23 and a beta of 0.13. Atome has a 12-month low of GBX 42.55 ($0.53) and a 12-month high of GBX 110 ($1.37). The company’s fifty day simple moving average is GBX 54.72 and its 200 day simple moving average is GBX 68.17. The company has a quick ratio of 5.80, a current ratio of 5.41 and a debt-to-equity ratio of 10.68.
Insider Buying and Selling
In other news, insider Peter M. Levine purchased 195,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were bought at an average cost of GBX 50 ($0.62) per share, with a total value of £97,500 ($121,374.33). 59.10% of the stock is owned by insiders.
About Atome
Atome Plc engages in producing, marketing, and distributing green hydrogen and ammonia. The company was formerly known as ATOME Energy PLC and changed its name to Atome Plc in February 2024. Atome Plc was incorporated in 2021 and is based in Leeds, the United Kingdom.
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