Shares of Skyfii Ltd (ASX:SKF) fell 5.7% on Monday . The stock traded as low as A$0.16 ($0.11) and last traded at A$0.17 ($0.12), 966,952 shares traded hands during trading. The stock had previously closed at A$0.18 ($0.12).

The company has a 50 day simple moving average of A$0.16. The stock has a market cap of $46.00 million and a P/E ratio of -23.57.

In related news, insider Jon Adgemis acquired 24,810,050 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were acquired at an average price of A$0.20 ($0.14) per share, with a total value of A$4,962,010.00 ($3,519,156.03).

About Skyfii (ASX:SKF)

SkyFii Limited, a software technology company, develops and commercializes data analytics and consulting, marketing, and advertising services to its customers worldwide. Its products and services include IO Connect, which connects guest WiFi and customer data sources; IO Insight that generates venue, location, and WiFi analytics; and IO Engage, a data-driven marketing suite.

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