Maven Income and Growth VCT 3 (LON:MIG3) Shares Cross Above 50-Day Moving Average - Here's Why

Key Points

• Maven Income and Growth VCT 3 PLC shares have crossed above their 50-day moving average, indicating potential positive momentum in the stock price.
• The stock has a market capitalization of £60.57 million and traded recently at GBX 43 ($0.58), with a price-to-earnings ratio of 29,333.33.
• The company specializes in development capital and early-stage investments, focusing on smaller unquoted and AIM quoted companies with strong growth potential in the UK.

Maven Income and Growth VCT 3 PLC (LON:MIG3 - Get Free Report)'s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 43.60 ($0.59) and traded as high as GBX 44 ($0.59). Maven Income and Growth VCT 3 shares last traded at GBX 43 ($0.58), with a volume of 8,540 shares trading hands.

Maven Income and Growth VCT 3 Price Performance

The stock has a market capitalization of £60.57 million, a price-to-earnings ratio of 29,333.33 and a beta of 0.13. The stock's 50-day simple moving average is GBX 43.60 and its 200 day simple moving average is GBX 45.37.

Maven Income and Growth VCT 3 (LON:MIG3 - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported GBX 0.23 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%.

About Maven Income and Growth VCT 3

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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