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The latest update is out from SIMEC Atlantis Energy ( (GB:AMP) ).
Ampeak Energy announced that its Chairman, Duncan Black, has purchased 750,000 ordinary shares in the company at a price of 2.2800p per share, increasing his total holding to 5,664,370 shares, which represents 0.78% of the issued share capital. This transaction, conducted on the London Stock Exchange, aligns with the company’s commitment to sustainable energy development and may signal confidence in its strategic direction, potentially impacting stakeholder perceptions positively.
The most recent analyst rating on (GB:AMP) stock is a Sell with a £2.00 price target. To see the full list of analyst forecasts on SIMEC Atlantis Energy stock, see the GB:AMP Stock Forecast page.
Spark’s Take on GB:AMP Stock
According to Spark, TipRanks’ AI Analyst, GB:AMP is a Underperform.
The overall stock score of 40 reflects significant financial challenges and a bearish technical outlook. The company’s high leverage and persistent losses are major concerns, while the technical indicators suggest a lack of upward momentum. The negative P/E ratio and absence of a dividend yield further weigh on the stock’s attractiveness.
To see Spark’s full report on GB:AMP stock, click here.
More about SIMEC Atlantis Energy
Ampeak Energy is a global developer, owner, and operator of sustainable energy projects. The company owns the world’s flagship tidal stream project, MeyGen, and is repurposing the Uskmouth Power Station site into a sustainable energy park, which will become one of the UK’s largest battery energy storage sites.
Average Trading Volume: 2,623,182
Technical Sentiment Signal: Hold
Current Market Cap: £15.9M
Learn more about AMP stock on TipRanks’ Stock Analysis page.