Octopus AIM VCT (LON:OOA) Share Price Passes Below 50 Day Moving Average – Here’s Why

Shares of Octopus AIM VCT (LON:OOA) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 42.45 and traded as low as GBX 37.20. Octopus AIM VCT shares last traded at GBX 38.60, with a volume of 2,280 shares traded.

Octopus AIM VCT Trading Up 3.8%

The business’s 50-day simple moving average is GBX 42.45 and its 200 day simple moving average is GBX 44.44. The company has a market capitalization of £94.60 million, a P/E ratio of -8.98 and a beta of 0.50.

Insider Buying and Selling

In other Octopus AIM VCT news, insider Andrew Norman Boteler bought 21,804 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were acquired at an average cost of GBX 49 per share, for a total transaction of £10,683.96. Also, insider David Docherty bought 21,804 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was acquired at an average price of GBX 49 per share, for a total transaction of £10,683.96. 0.21% of the stock is owned by insiders.

About Octopus AIM VCT

Octopus AIM VCT PLC is a venture capital trust specializing in investments in AIM or PLUS quoted companies. The fund seeks to allocate approximately 80 percent of its funds to qualifying investments in companies quoted on AIM or OFEX and the balance of 20 percent to non-qualifying Investments.