Georgia Capital (LON:CGEO) Sets New 52-Week High - Here's Why

Georgia Capital PLC (LON:CGEO - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 2,070 ($27.92) and last traded at GBX 2,065 ($27.85), with a volume of 73209 shares changing hands. The stock had previously closed at GBX 2,030 ($27.38).

Georgia Capital Price Performance

The business has a 50-day moving average of GBX 1,887.73 and a 200 day moving average of GBX 1,541.49. The company has a market capitalization of £813.79 million, a PE ratio of 5.18 and a beta of 1.18.

Insider Activity

In related news, insider Neil Janin purchased 6,000 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were bought at an average price of GBX 1,799 ($24.26) per share, for a total transaction of £107,940 ($145,569.79). Corporate insiders own 18.07% of the company's stock.

About Georgia Capital

Georgia Capital PLC (“Georgia Capital” or “the Group” or “GCAP”– LSE: CGEO LN) is a platform for buying, building and developing businesses in Georgia with holdings in sectors that are expected to benefit from the continued growth and further diversification of the Georgian economy. The Group's focus is typically on larger-scale investment opportunities in Georgia, which have the potential to reach at least GEL 300 million equity value over 3-5 years from the initial investment and to monetise them through exits, as investments mature.