Atome (LON:ATOM) Shares Down 3% – Time to Sell?

Atome Plc (LON:ATOM) dropped 3% during mid-day trading on Friday . The company traded as low as GBX 47.06 ($0.59) and last traded at GBX 47.06 ($0.59). Approximately 30,196 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 75,402 shares. The stock had previously closed at GBX 48.50 ($0.61).

Atome Stock Performance

The firm’s fifty day moving average is GBX 54.88 and its 200 day moving average is GBX 66.58. The firm has a market capitalization of £21.14 million, a price-to-earnings ratio of -392.17 and a beta of 0.23. The company has a debt-to-equity ratio of 20.00, a current ratio of 0.39 and a quick ratio of 5.80.

Insiders Place Their Bets

In other news, insider Peter M. Levine sold 900,000 shares of Atome stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of GBX 75 ($0.94), for a total transaction of £675,000 ($849,377.12). Also, insider Richard Joseph Day purchased 17,000 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was purchased at an average cost of GBX 75 ($0.94) per share, with a total value of £12,750 ($16,043.79). Insiders own 63.05% of the company’s stock.

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.