Avanti Communications Group PLC (LON:AVN) insider David J. Bestwick sold 100,000 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of GBX 10 ($0.14), for a total value of £10,000 ($13,815.97).
Avanti Communications Group PLC (LON AVN) opened at GBX 11.48 ($0.16) on Tuesday. Avanti Communications Group PLC has a 1 year low of GBX 5.48 ($0.08) and a 1 year high of GBX 19.50 ($0.27). The firm has a market capitalization of $16.88 and a price-to-earnings ratio of -34.79.
Separately, Beaufort Securities reiterated a “speculative buy” rating on shares of Avanti Communications Group in a research report on Tuesday, January 16th.
Avanti Communications Group plc is engaged in the provision of communication services. The Company is engaged in commercial exploitation of its space and network assets, which include its spectrum rights, satellites, intellectual property and ground station assets. The Company’s products include SELECT, CUSTOM, PURE and ApTec.
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