Minds Machines Group Ltd (LON:MMX) rose 5.7% during mid-day trading on Tuesday . The stock traded as high as GBX 5.60 ($0.07) and last traded at GBX 5.60 ($0.07). Approximately 316,500 shares traded hands during mid-day trading, an increase of 2% from the average daily volume of 310,723 shares. The stock had previously closed at GBX 5.30 ($0.07).
Separately, FinnCap reaffirmed a “corporate” rating on shares of Minds Machines Group in a research note on Monday, January 28th.
In related news, insider Henry Turcan sold 1,000,000 shares of Minds Machines Group stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of GBX 6 ($0.08), for a total value of £60,000 ($78,400.63). In the last ninety days, insiders purchased 970,000 shares of company stock valued at $5,820,000.
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Minds + Machines Group Limited and its subsidiaries own and operate a portfolio of generic top-level domain assets (gTLDs). The Company operates in the domain name industry and provides end-to-end domain services. Its segments include Registry ownership (Registry), including applicant of top level domain name from Internet Corporation for Assigned Names and Numbers (ICANN) and wholesaler of domain names of those top level domain names; Registry service provider (RSP) and consulting services (segment B), which includes back end service provider for a registry, and Registrar (Registrar), which includes retailer of domain names.
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