MIGO Opportunities Trust (LON:MIGO) Reaches New 1-Year High - Time to Buy?

Key Points

• Shares of MIGO Opportunities Trust reached a new 52-week high, trading at GBX 379 ($5.05) during mid-day trading on Wednesday.
• The company has a market capitalization of £69.39 million and a significant debt-to-equity ratio of 15.11, indicating potential financial risk.
• MIGO aims to outperform the Sterling Overnight Interbank Average (SONIA) by 2% over the long term by leveraging the pricing of closed-end funds.

Shares of MIGO Opportunities Trust plc (LON:MIGO - ) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 379 ($5.05) and last traded at GBX 377 ($5.02), with a volume of 44846 shares changing hands. The stock had previously closed at GBX 373 ($4.97).

MIGO Opportunities Trust Trading Up 1.6%

The company has a market cap of £69.39 million, a price-to-earnings ratio of -1,994.74 and a beta of 0.51. The company has a debt-to-equity ratio of 15.11, a quick ratio of 44.36 and a current ratio of 0.37. The business's 50 day moving average price is GBX 371.31 and its 200-day moving average price is GBX 354.42.

About MIGO Opportunities Trust

The Company aims to outperform Sterling Overnight Interbank Average (SONIA)* 3 month plus 2% over the longer term, principally through exploiting the pricing of closed-end funds. The Company invests in closed-end investment funds traded on the London Stock Exchange's Main Market, but has the flexibility to invest in investment funds listed or dealt on other recognised stock exchanges, in unlisted closed-end funds (including, but not limited to, funds traded on the FTSE AIM All-Share Index) and in open-ended investment funds.

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