Mobius Investment Trust (LON:MMIT) Stock Price Up 1.1% - Time to Buy?

Shares of Mobius Investment Trust plc (LON:MMIT - Get Free Report) shot up 1.1% on Wednesday . The stock traded as high as GBX 139.50 ($1.88) and last traded at GBX 139.50 ($1.88). 325,325 shares changed hands during trading, an increase of 116% from the average session volume of 150,780 shares. The stock had previously closed at GBX 138 ($1.86).

Mobius Investment Trust Stock Performance

The firm's 50-day moving average price is GBX 132.33 and its two-hundred day moving average price is GBX 134.45. The stock has a market cap of £160.73 million, a price-to-earnings ratio of 9.29 and a beta of 0.74.

Insider Buying and Selling at Mobius Investment Trust

In other news, insider Diana Dyer Bartlett purchased 30,992 shares of the stock in a transaction dated Tuesday, May 27th. The shares were purchased at an average price of GBX 128 ($1.73) per share, with a total value of £39,669.76 ($53,513.77). Insiders own 26.82% of the company's stock.

About Mobius Investment Trust

Mobius Investment Trust plc (“MMIT”) is a closed-ended investment company listed on London Stock Exchange LSE: MMIT. MMIT provides investors with access to a high conviction portfolio of 20-30 small to mid-cap companies, across emerging and frontier markets. The London listed investment trust will be managed by Mobius Capital Partners LLP (“MCP”), an investment manager launched in May 2018 by Mark Mobius, Carlos Hardenberg and Greg Konieczny.