Avanti Communications Group PLC (LON:AVN) shot up 0% during mid-day trading on Wednesday . The company traded as high as GBX 6.50 ($0.09) and last traded at GBX 5.51 ($0.07). 1,020,393 shares traded hands during trading, an increase of 302% from the average session volume of 253,802 shares. The stock had previously closed at GBX 5.51 ($0.07).
In other news, insider Andy Green acquired 5,211 shares of Avanti Communications Group stock in a transaction on Thursday, April 26th. The shares were purchased at an average cost of GBX 11 ($0.15) per share, for a total transaction of £573.21 ($769.10).
About Avanti Communications Group
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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