Gulf Marine Services PLC (LON:GMS)’s share price rose 8.8% during mid-day trading on Wednesday . The stock traded as high as GBX 16.45 ($0.21) and last traded at GBX 15.78 ($0.21). Approximately 90,259 shares traded hands during trading, a decline of 56% from the average daily volume of 206,887 shares. The stock had previously closed at GBX 14.50 ($0.19).

The firm has a market capitalization of $50.75 million and a PE ratio of -2.10. The company has a quick ratio of 1.17, a current ratio of 1.26 and a debt-to-equity ratio of 100.72.

In other news, insider Simon Heale acquired 220,000 shares of the company’s stock in a transaction on Friday, December 21st. The shares were bought at an average price of GBX 9 ($0.12) per share, with a total value of £19,800 ($25,872.21).

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About Gulf Marine Services (LON:GMS)

Gulf Marine Services PLC, together with its subsidiaries, charters and operates self-propelled, self-elevating support vessels (SESVs) worldwide. The company operates through Small Class Vessels, Mid-Size Class Vessels, Large Class Vessels, and Other Vessels segments. Its jackups provides as a platform for the delivery of a range of services in the offshore oil, gas, and renewable energy projects.

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