Armadale Capital PLC (LON:ACP) insider Nicholas Johansen purchased 500,000 shares of Armadale Capital PLC stock in a transaction dated Tuesday, October 18th. The stock was acquired at an average price of GBX 31 ($0.38) per share, with a total value of £155,000 ($188,909.20).

Shares of Armadale Capital PLC (LON:ACP) traded down 1.600% on Wednesday, hitting GBX 3.075. 1,392,273 shares of the stock were exchanged. The company’s 50 day moving average is GBX 2.57 and its 200-day moving average is GBX 2.32. Armadale Capital PLC has a 52-week low of GBX 1.19 and a 52-week high of GBX 6.73. The stock’s market cap is GBX 2.93 million.

Separately, Beaufort Securities restated a “speculative buy” rating on shares of Armadale Capital PLC in a report on Friday, June 24th.

About Armadale Capital PLC

Armadale Capital Plc is a United Kingdom-based company focused on investing in and developing a portfolio of investments, targeting natural resources in Africa and related sectors. The Company holds an 80% interest in the Mpokoto Gold Project, which is located in the western part of the Katanga Province approximately 250 kilometers west of Kolwezi in the south west of the Democratic Republic of Congo and approximately 25 kilometers from the Zambian border.

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