Mill City Ventures III (NASDAQ:MCVT) Trading Up 12.4% - Here's Why

Key Points

• Mill City Ventures III shares increased by 12.4% during mid-day trading on Tuesday, reaching a last traded price of $6.39.
• The company reported an earnings per share of $0.06 and a revenue of $0.78 million for the recent quarter, showcasing a healthy net margin of 38.13%.
• Mill City Ventures III has a market capitalization of $571.12 million and a P/E ratio of 36.69 as it specializes in investments in public and private companies.

Shares of Mill City Ventures III, Ltd. (NASDAQ:MCVT - Get Free Report) were up 12.4% during mid-day trading on Tuesday . The company traded as high as $6.14 and last traded at $6.39. Approximately 765,600 shares were traded during trading, a decline of 35% from the average daily volume of 1,185,911 shares. The stock had previously closed at $5.69.

Mill City Ventures III Trading Up 22.5%

The stock has a market capitalization of $571.12 million, a P/E ratio of 36.69 and a beta of 1.03. The stock has a 50 day moving average of $2.78 and a 200-day moving average of $2.17.

Mill City Ventures III (NASDAQ:MCVT - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.06 earnings per share for the quarter. The business had revenue of $0.78 million during the quarter. Mill City Ventures III had a return on equity of 6.37% and a net margin of 38.13%.

About Mill City Ventures III

Mill City Ventures III, Ltd. is a principal investment firm specializing investments in debt and equity securities of public and private companies to fund their operations whether its start-up, acquisition, or growth. It primarily focuses on investing in, lending to, and making managerial assistance available to privately held and publicly traded companies.

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