Avanti Communications (LON:AVN) shares traded down 0% during trading on Monday . The stock traded as low as GBX 5.90 ($0.08) and last traded at GBX 6.80 ($0.10). 2,237,637 shares changed hands during trading, an increase of 782% from the average session volume of 253,802 shares. The stock had previously closed at GBX 6.80 ($0.10).
Separately, Beaufort Securities reaffirmed a “speculative buy” rating on shares of Avanti Communications in a research report on Tuesday, January 16th.
In other news, insider David J. Bestwick sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of GBX 10 ($0.14), for a total value of £10,000 ($14,134.28).
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About Avanti Communications
Avanti Communications Group PLC, a satellite operator, provides Ka-band satellite data communications services in the United Kingdom, Europe, the Middle East, and Africa. The company offers manage broadband packages for consumers and businesses; flexible managed services on multiple platforms; PURE product that supports satellite based data communications application on vendor's Ka-band hub; and systems integration and solutions to government.
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