Mike Read Acquires 350,000 Shares of Falanx Group Ltd (FLX) Stock

Falanx Group Ltd (LON:FLX) insider Mike Read bought 350,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was purchased at an average price of GBX 5 ($0.07) per share, with a total value of £17,500 ($23,553.16).

Shares of Falanx Group Ltd (LON:FLX) traded up GBX 0.10 ($0.00) during mid-day trading on Tuesday, reaching GBX 4.60 ($0.06). The company’s stock had a trading volume of 541,545 shares, compared to its average volume of 2,280,000. Falanx Group Ltd has a one year low of GBX 0.05 ($0.00) and a one year high of GBX 10 ($0.13).

Separately, Beaufort Securities began coverage on shares of Falanx Group in a research report on Friday, October 13th. They issued a “speculative buy” rating and a GBX 12 ($0.16) target price for the company.

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About Falanx Group

Falanx Group Limited provides cyber defense and intelligence services. The Company’s segments include Intelligence, Resilience, Cyber and Other. Its business divisions include Falanx Cyber Defence and Falanx Intelligence. The Falanx Cyber Defence division provides cloud-based cyber defense services to government and commercial organizations.

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