Automax Motors (LON:MTMY) Shares Down 90.7% – Here’s Why

Automax Motors Ltd. (LON:MTMY) shares dropped 90.7% during mid-day trading on Wednesday . The stock traded as low as GBX 4.50 ($0.06) and last traded at GBX 4.50 ($0.06). Approximately 268,234 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 351,689 shares. The stock had previously closed at GBX 48.20 ($0.61).

Automax Motors Trading Down 90.7 %

The business has a 50 day simple moving average of GBX 4.50 and a 200 day simple moving average of GBX 4.50. The company has a debt-to-equity ratio of 542.51, a current ratio of 2.40 and a quick ratio of 2.19. The company has a market cap of £4.44 million and a price-to-earnings ratio of -6.43.

About Automax Motors

Automax Motors Ltd. does not have significant operations. Previously, it was engaged in offering domain monetization and mobile digital advertising services to advertisers, advertising agencies, app developers, and domain owners. The company was formerly known as Matomy Media Group Ltd and changed its name to Automax Motors Ltd.