City of London Investment Group (LON:CLIG) Shares Up 3% After Insider Buying Activity

Key Points

• City of London Investment Group shares increased by 3% following insider buying, with the stock trading as high as GBX 379 ($5.06).
• Insider Peter E. Roth purchased 5,000 shares at an average price of GBX 368, totaling £18,400.
• The company has a market cap of £184.46 million and a PE ratio of 9.57, indicating robust financial metrics.

City of London Investment Group Plc (LON:CLIG - Get Free Report)'s share price shot up 3% on Wednesday following insider buying activity. The stock traded as high as GBX 379 ($5.06) and last traded at GBX 377 ($5.04). 1,049,758 shares traded hands during mid-day trading, an increase of 1,691% from the average session volume of 58,597 shares. The stock had previously closed at GBX 366 ($4.89).

Specifically, insider Peter E. Roth acquired 5,000 shares of the firm's stock in a transaction that occurred on Monday, October 20th. The stock was bought at an average price of GBX 368 per share, for a total transaction of £18,400.

City of London Investment Group Stock Up 3.0%

The business's 50-day simple moving average is GBX 384.92 and its 200 day simple moving average is GBX 366.54. The company has a current ratio of 3.86, a quick ratio of 2.68 and a debt-to-equity ratio of 4.72. The firm has a market cap of £184.46 million, a PE ratio of 9.57 and a beta of 0.47.

City of London Investment Group Company Profile

City of London Investment Group PLC is a United Kingdom-based asset management company, consisting of two wholly owned subsidiaries that invest primarily in closed-end funds for the benefit of their respective clients. The Company, through its subsidiary City of London Investment Management Company Limited (CLIM), historically specialized in Emerging Markets and has expanded its range to International, Opportunistic Value and Frontier strategies, for primarily institutional clients.

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