Steppe Cement Ltd. (LON:STCM – Get Free Report)’s share price shot up 8% during mid-day trading on Thursday . The stock traded as high as GBX 29 and last traded at GBX 27.55. Approximately 1,061,272 shares changed hands during trading, an increase of 1,025% from the average daily volume of 94,358 shares. The stock had previously closed at GBX 25.50.
Steppe Cement Trading Up 8.9%
The company has a debt-to-equity ratio of 4.55, a current ratio of 2.12 and a quick ratio of 1.63. The stock’s 50-day moving average is GBX 22.25 and its two-hundred day moving average is GBX 20.77. The stock has a market cap of £66.80 million, a P/E ratio of 20.20 and a beta of 0.71.
Insider Transactions at Steppe Cement
In related news, insider Javier del Ser Perez purchased 122,000 shares of the firm’s stock in a transaction on Friday, July 17th. The shares were acquired at an average price of GBX 22 per share, for a total transaction of £26,840. Corporate insiders own 9.42% of the company’s stock.
About Steppe Cement
Steppe Cement Ltd., an investment holding company, engages in the production and sale of cement and clinkers in Kazakhstan. It also provides consultancy services; and transmission and distribution of electricity. The company was incorporated in 2004 and is based in Kuala Lumpur, Malaysia.
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