Augmentum Fintech (LON:AUGM) Stock Price Down 2% – Here’s Why

Augmentum Fintech (LON:AUGM)’s stock price fell 2% during trading on Monday . The company traded as low as GBX 100.02 ($1.22) and last traded at GBX 100.50 ($1.23). Approximately 164,467 shares traded hands during trading, a decline of 49% from the average daily volume of 322,077 shares. The stock had previously closed at GBX 102.50 ($1.25).

Augmentum Fintech Stock Up 2.3 %

The company’s 50 day simple moving average is GBX 102.51 and its two-hundred day simple moving average is GBX 105.26. The company has a market capitalization of £173.77 million and a price-to-earnings ratio of 3,395.30.

Insider Transactions at Augmentum Fintech

In related news, insider William Reeve bought 100,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was bought at an average cost of GBX 99 ($1.21) per share, for a total transaction of £99,000 ($121,175.03). Insiders own 5.47% of the company’s stock.

About Augmentum Fintech

Augmentum invests in fast growing fintech businesses that are disrupting the financial services sector.

Europe’s leading publicly listed fintech fund, Augmentum launched on the main market of the London Stock Exchange in 2018, giving businesses access to patient capital and support, unrestricted by conventional fund timelines and giving public markets investors access to a largely privately held investment sector during its main period of growth.

Their portfolio of 24 fintech companies includes Tide, Zopa, Onfido, Grover and Cushon.