Aminex (LON:AEX) Shares Up 9.1% – Still a Buy?

Aminex PLC (LON:AEX)’s stock price shot up 9.1% during mid-day trading on Thursday . The company traded as high as GBX 1.20 ($0.02) and last traded at GBX 1.20 ($0.02). 540,856 shares were traded during trading, a decline of 90% from the average session volume of 5,271,354 shares. The stock had previously closed at GBX 1.10 ($0.01).

Aminex Stock Down 7.3 %

The company has a market cap of £43.04 million, a price-to-earnings ratio of -5.38 and a beta of -0.03. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.65 and a quick ratio of 0.86. The firm has a 50-day moving average price of GBX 1.18 and a 200 day moving average price of GBX 1.41.

Aminex Company Profile

Aminex PLC, together with its subsidiaries, engages in the exploration, appraisal, development, and production of oil and gas assets, reserves, and resources. The company operates through Producing Oil and Gas Properties, Exploration Activities, and Oilfield Services segments. Its properties include the Kiliwani South, Ruvuma PSA, and Nyuni Area PSA exploration licenses located primarily in Tanzania.