Taptica International (LON:TAP) Shares Down 16% – Here’s Why

Taptica International Ltd (LON:TAP)’s stock price dropped 16% on Wednesday . The stock traded as low as GBX 2.10 and last traded at GBX 2.10. Approximately 1,450,000 shares traded hands during trading, a decline of 32% from the average daily volume of 2,145,783 shares. The stock had previously closed at GBX 2.50.

Taptica International Stock Down 16.0%

The company’s 50 day moving average is GBX 2.31. The stock has a market capitalization of £15.61 million and a P/E ratio of -80.15. The company has a current ratio of 2.06, a quick ratio of 2.03 and a debt-to-equity ratio of 10.20.

Insider Activity

In other Taptica International news, insider Manuel De Luque Muntaner purchased 600,000 shares of the business’s stock in a transaction dated Tuesday, October 21st. The shares were bought at an average price of GBX 3 per share, for a total transaction of £18,000.

About Taptica International

Tap Global Group Plc bridges the gap between traditional finance and blockchain technology. It offers over 390,000 individual and business customers an innovative and fully integrated fiat payments and cryptocurrency settlement service including access to several major cryptocurrency exchanges. Through the Tap app, customers can trade over 50 cryptocurrencies and store them directly in their customer wallet, while benefiting from proprietary AI middleware for real-time best-execution and pricing.

Tap Group’s European business, Tap Global Limited, was the first cryptocurrency FinTech company to be approved by Mastercard in Europe.