identitii Ltd (ASX:ID8) dropped 2.4% during mid-day trading on Wednesday . The company traded as low as A$0.40 ($0.28) and last traded at A$0.40 ($0.28). Approximately 5,000 shares changed hands during mid-day trading, an increase of ∞ from the average daily volume of 0 shares. The stock had previously closed at A$0.41 ($0.29).
The company has a debt-to-equity ratio of 0.41, a current ratio of 13.11 and a quick ratio of 13.05. The company has a market cap of $21.81 million and a price-to-earnings ratio of -2.84. The firm has a fifty day simple moving average of A$0.48.
In related news, insider Michael Aston purchased 53,440 shares of identitii stock in a transaction on Thursday, April 18th. The stock was bought at an average price of A$0.56 ($0.40) per share, with a total value of A$29,819.52 ($21,148.60). Also, insider Nicholas (Nick) Armstrong purchased 80,000 shares of identitii stock in a transaction on Monday, May 6th. The stock was bought at an average cost of A$0.60 ($0.43) per share, with a total value of A$48,080.00 ($34,099.29). In the last ninety days, insiders bought 166,231 shares of company stock valued at $98,066.
About identitii (ASX:ID8)
identitii Limited, a financial technology company, develops enterprise software products for the financial services and banking institutions in Australia and internationally. It offers Serra, a bank-to-bank federated database management system that uses block chain technology to enable the secure and auditable exchange of information between financial institutions.
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