Maven Income and Growth VCT 3 (LON:MIG3) Reaches New 52-Week Low - Here's What Happened

Key Points

• Maven Income and Growth VCT 3 shares reached a new 52-week low of GBX 33.40 ($0.45) during trading, closing at GBX 43 ($0.57) with a trading volume of 1,564 shares.
• The company has a market capitalization of £59.44 million, a price-to-earnings ratio of 28,666.67, and reported an earnings per share (EPS) of GBX 0.23 for the quarter.
• Maven Income and Growth VCT 3 specializes in development capital and early-stage investments, focusing on smaller unquoted companies in the UK with strong growth potential.

Maven Income and Growth VCT 3 PLC (LON:MIG3 - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 33.40 ($0.45) and last traded at GBX 43 ($0.57), with a volume of 1564 shares trading hands. The stock had previously closed at GBX 44 ($0.59).

Maven Income and Growth VCT 3 Stock Performance

The firm has a market cap of £59.44 million, a price-to-earnings ratio of 28,666.67 and a beta of 0.13. The stock's 50 day simple moving average is GBX 43.64 and its 200-day simple moving average is GBX 45.10.

Maven Income and Growth VCT 3 (LON:MIG3 - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported GBX 0.23 earnings per share (EPS) for the quarter. Maven Income and Growth VCT 3 had a net margin of 26.21% and a return on equity of 1.12%.

Maven Income and Growth VCT 3 Company Profile

Maven Income and Growth VCT 3 PLC is a venture capital trust fund specializing in development capital and early stage investments. In case of private companies, the fund prefers to invest in later stage. It does not invest in hostile public to private transactions. The fund's objective is to achieve long-term capital appreciation principally through investment in smaller unquoted companies and AIM quoted companies in the United Kingdom with strong growth potential.

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