Beaufort Securities Reiterates Speculative Buy Rating for Armadale Capital PLC (ACP)
Armadale Capital PLC (LON:ACP)‘s stock had its “speculative buy” rating reissued by equities researchers at Beaufort Securities in a research note issued to investors on Tuesday.
Armadale Capital PLC (LON:ACP) opened at 3.89 on Tuesday. The firm’s market cap is GBX 3.71 million. The stock’s 50 day moving average is GBX 3.54 and its 200-day moving average is GBX 2.51. Armadale Capital PLC has a one year low of GBX 1.19 and a one year high of GBX 5.30.
In other news, insider Nicholas Johansen bought 500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 18th. The shares were acquired at an average price of GBX 31 ($0.39) per share, with a total value of £155,000 ($193,653.17).
About Armadale Capital PLC
Armadale Capital Plc is a diversified investing company. The Company focuses on natural resource projects in Africa. The Company holds 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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