Falanx Group Ltd (LON:FLX) insider Mike Read purchased 350,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were acquired at an average cost of GBX 5 ($0.07) per share, for a total transaction of £17,500 ($23,017.23).

Falanx Group Ltd (FLX) opened at GBX 5.38 ($0.07) on Friday. Falanx Group Ltd has a one year low of GBX 4.65 ($0.06) and a one year high of GBX 10 ($0.13).

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Separately, Beaufort Securities started coverage on shares of Falanx Group in a research note on Friday, October 13th. They set a “speculative buy” rating and a GBX 12 ($0.16) price target on the stock.

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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