Shares of CIP Merchant Capital Limited (LON:CIP – Get Free Report) rose 25% on Wednesday . The company traded as high as GBX 60 ($0.76) and last traded at GBX 50 ($0.63). Approximately 425,493 shares changed hands during mid-day trading, an increase of 88% from the average daily volume of 226,325 shares. The stock had previously closed at GBX 40 ($0.51).
CIP Merchant Capital Price Performance
The stock has a market capitalization of £27.50 million and a price-to-earnings ratio of 3.65. The business has a 50 day simple moving average of GBX 50 and a 200-day simple moving average of GBX 50.
About CIP Merchant Capital
CIP Merchant Capital Limited specializes in growth capital and intends to invest in listed equity and other financial products and instruments. It focuses on investing in oil and gas, healthcare, pharmaceutical, and real estate sectors. It seeks investments in concentrated portfolio of significant holdings in approximately 5 to 10 publically traded companies, with a focus on UK markets.
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