Global Opportunities Trust (LON:GOT) Reaches New 12-Month High - Here's Why

Global Opportunities Trust plc (LON:GOT - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 310 ($4.21) and last traded at GBX 296 ($4.02), with a volume of 103759 shares traded. The stock had previously closed at GBX 300 ($4.07).

Global Opportunities Trust Price Performance

The company has a market cap of £87.66 million, a price-to-earnings ratio of 1,578.95 and a beta of 0.42. The business's 50-day simple moving average is GBX 293.36 and its 200-day simple moving average is GBX 289.57.

Global Opportunities Trust Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, June 5th will be given a dividend of GBX 10 ($0.14) per share. The ex-dividend date is Thursday, June 5th. This represents a yield of 3.45%. This is a boost from Global Opportunities Trust's previous dividend of $5.00. Global Opportunities Trust's payout ratio is presently 2,631.58%.

Insider Buying and Selling

In other news, insider Sandy Nairn bought 10,000 shares of the business's stock in a transaction that occurred on Wednesday, April 9th. The stock was purchased at an average price of GBX 282 ($3.83) per share, with a total value of £28,200 ($38,294.41). Insiders own 38.90% of the company's stock.

Global Opportunities Trust Company Profile

EP Global Opportunities Trust plc is a closed-ended equity mutual fund launched and managed by Edinburgh Partners AIFM Limited. The fund is co-managed by Edinburgh Partners Limited. It invests in public equity markets across the globe. The fund seeks to invest in the stocks of companies operating across diversified sectors.