Seraphim Space Investment Trust (LON:SSIT) Shares Up 12.3% – Here’s What Happened

Shares of Seraphim Space Investment Trust (LON:SSIT) shot up 12.3% on Tuesday . The company traded as high as GBX 148.50 and last traded at GBX 146.50. 2,886,473 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 2,831,788 shares. The stock had previously closed at GBX 130.50.

Seraphim Space Investment Trust Trading Up 2.7%

The company’s 50-day moving average is GBX 99.45 and its two-hundred day moving average is GBX 86.25. The stock has a market capitalization of £355.80 million and a P/E ratio of 6.72.

Seraphim Space Investment Trust (LON:SSIT) last announced its quarterly earnings results on Monday, October 20th. The company reported GBX (0.76) EPS for the quarter. Seraphim Space Investment Trust had a negative net margin of 473.47% and a positive return on equity of 2.97%.

Insider Activity at Seraphim Space Investment Trust

In other Seraphim Space Investment Trust news, insider Angela Lane purchased 8,000 shares of the stock in a transaction dated Tuesday, November 25th. The shares were bought at an average cost of GBX 78 per share, with a total value of £6,240. Also, insider Will Whitehorn acquired 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were bought at an average price of GBX 78 per share, for a total transaction of £8,580. 0.14% of the stock is owned by company insiders.

About Seraphim Space Investment Trust

The world’s first listed Space Tech fund. Sustainability, connectivity and digitalisation are global scale challenges. Our portfolio companies reflect our commitment to the planet. Seraphim Space Investment Trust will target early and growth stage Space Tech companies that have the potential to dominate globally and that are sector leaders with first mover advantages in areas such as climate, communications, mobility and cyber security.