ProVen VCT (LON:PVN) Sets New 52-Week Low - Here's Why
ProVen VCT (LON:PVN - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 57 ($0.77) and last traded at GBX 57 ($0.77), with a volume of 25000 shares traded. The stock had previously closed at GBX 59.50 ($0.81).
The firm has a fifty day simple moving average of GBX 59.34 and a 200 day simple moving average of GBX 59.20. The company has a market cap of £155.07 million, a price-to-earnings ratio of 16.39 and a beta of 0.02.
ProVen VCT (LON:PVN - Get Free Report) last posted its quarterly earnings data on Monday, June 9th. The company reported GBX 0.20 ($0.00) earnings per share (EPS) for the quarter. ProVen VCT had a net margin of 67.04% and a return on equity of 5.22%.
In related news, insider James Barbour-Smit acquired 23,376 shares of the stock in a transaction dated Monday, March 17th. The shares were acquired at an average price of GBX 64 ($0.87) per share, for a total transaction of £14,960.64 ($20,274.62). Company insiders own 0.16% of the company's stock.
ProVen VCT plc is a venture capital trust specializing in emerging growth stage investment,expansion and management buyouts. The fund invests in small and medium sized smaller companies. It does not invest in startups. It seeks to invest in non-qualifying investments including cash, liquidity funds, fixed interest securities, debt and debt related securities in growth companies and non-qualifying venture capital investments.
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