Shares of Xeros Technology Group PLC (LON:XSG) dropped 8.2% on Friday . The stock traded as low as GBX 11.50 ($0.15) and last traded at GBX 11.20 ($0.15). Approximately 701,000 shares changed hands during trading, an increase of 6,784% from the average daily volume of 10,183 shares. The stock had previously closed at GBX 12.20 ($0.16).
The stock has a market cap of $28.79 million and a price-to-earnings ratio of -0.37.
In other news, insider Paul Denney acquired 500,000 shares of the business’s stock in a transaction on Wednesday, December 19th. The shares were acquired at an average cost of GBX 10 ($0.13) per share, with a total value of £50,000 ($65,333.86).
About Xeros Technology Group (LON:XSG)
Xeros Technology Group plc, together with its subsidiaries, develops and commercializes polymer based cleaning equipment, consumables, and services in Europe and North America. The company also engages in the research, development, and commercialization of polymer technology alternatives to traditional aqueous based technologies.
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