Majedie Investments (LON:MAJE) Shares Cross Above 50-Day Moving Average - What's Next?

Key Points

• Majedie Investments shares recently crossed above their 50-day moving average, with the current trading price at GBX 258 ($3.47).
• The company's market capitalization is approximately £134.34 million, and it has a very high price-to-earnings ratio of 3,091.13.
• Majedie Investments is managed by Marylebone Partners LLP and has been an investment trust since 1910, combining diverse global investment strategies.

Majedie Investments (LON:MAJE - ) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 243.33 ($3.27) and traded as high as GBX 258 ($3.47). Majedie Investments shares last traded at GBX 258 ($3.47), with a volume of 30,335 shares trading hands.

Majedie Investments Price Performance

The business's 50-day moving average price is GBX 243.33 and its two-hundred day moving average price is GBX 250.28. The company has a market capitalization of £134.34 million, a price-to-earnings ratio of 3,091.13 and a beta of 0.87.

About Majedie Investments

Majedie Investments PLC is an investment trust founded in 1910 and managed by Marylebone Partners LLP. Marylebone Partners combines investments from three complementary strategies sourced from around the globe into a single portfolio comprising hard-to-access special investments, external niche manager allocations and investments in publicly-listed companies.

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